iCharts Discussions

[rohan.sharma]

GOLD, will it bounce back back from here

this weeks closing price should decide faith of gold...

[skd2012]

Do not know much about Gold, but rupee has impact on this, it has come to test earlier break down level which was around 54.5. If it get resisted then again it can go to 53 over time. Hence it have impact on Gold and other commodities. Just a thought.

it can give a breakout as well and then all commodities would bounce.

[rwdesai]

The last time gold traded below the 21 week EMA was in 2008. Now it is again trading below it. Clearly it wants to go lower. Currently commodities are under performing and stock markets across the world are on fire. May be money is being withdrawn from commodities and being invested in stocks.

[welgro]