Bullion has entered in bullish trend till 3rd May 2013.
By 3rd May 2013, Gold can cross 1,530 while Silver could cross 26.00.
From 4th –8th May 2013, decline shall be observed. Again turn bullish from 9th May 2013.
However, please note that you must check the trend from 15.30 HRS (IST).
In case it goes down, the declining trend can continue till Monday. And make the position accordingly.
And again from 30th April 2013- 3rd May 2013, it shall be bullish. And if there is no negative sign seen from 15.30 HRS (IST), then bullish trend can continue with some volatility till 3rd May 2013.
Also note that if this morning’s high(1,485, 24.90 –GOLD,SILVER) is not broken between 10.00 HRS (IST) – 15.30 HRS (IST) then the market shall be negative and hence bullion could go down till Monday.
The lower levels could be 1,455 and 23.20. —
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