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Spot-Gold-Analysis-19-Mar-09
To recall my 13th Mar.09 analysis, I had mentioned, $935 was an important nearby resistance and $909 was my support.
The way gold was treated yesterday, one would tend to feel whether there was any hidden agenda involved, the one similar to the Bear Sterns!!!
I don’t think Fed’s decision to buy back treasuries alone would have triggered such an amazing $60 reversal in a matter of minutes, that too after the main market closed. Let’s wait and see who is the next victim. 
In the event of any major short covering, today Gold can test $958, failing which $920 should offer good support.
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Spot-Gold-Analysis-13-Mar-09
Spot Gold made a swift come back after taking support at $890, and sailed thru’ my 10th Mar.09 resistance $917. Failing to break $935, she has all the possibilities to take $909 support.
I would exercise caution at this stage as the euphoria over stocks, which was a major driver in the recent past for Gold, is still on the rise and on the vicinity of getting stabilized.
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Spot-Gold-Analysis-10-Mar-09
Spot Gold has shed about $100 from her recent high. Has the media hyped safe heaven status been stripped off all of a sudden, in anticipation of better results from most of the devastated banks or due to stocks rallying out of frustration, if not for anything else. 
Nevertheless, I would be prepared in the worst case scenario for her to take support at $869 with $917 as resistance.
DJIA-Spot-10–Mar.09
Several questions are running in the minds of both Short-Bulls as well as Long-Bulls and with idlers as well, chiefly whether this rally of frustration will last a while. Its quite apparent after last week’s relief rally, the Short-Bulls are totally anguished to keep continuing their Shorts and are desperate for the Long-Bulls to take over from here as there are hardly any stocks worth shorting. They are visibly looking for a relief from a year long Short battle, which they have clearly won and now they are fed up and fatigued of beating the dead stocks.
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Spot-Gold-Analysis-09-Mar-09
This is what I call, a decisive correction or profit booking, irrespective of whats happening with stocks. 
My 6th Mar. $909 support is still valid. If $910 holds, I would expect a relief rally up to $925, failing which $897 cannot be avoided. Based on the condition of the key data to be released tomorrow, the 10th Of Mar. from Europe, I would expect some reaction from gold lovers.
Further, none other than the greatest gold lovers from India would love every correction with a great sigh of relief, as they were caught in-between high gold price as well as depreciating Indian Currency, esp. during marriage season.
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Spot-Gold-Silver-Analysis-06-Mar-09
In the absence of any dramatic events about which I had mentioned in my last night’s posting, Gold continued her upward journey, however with less than anticipated strength once she broke $920.
Upon breaching $920 last night Spot Gold seemed to have lost her momentum and although today she broke $935, I am sceptical about her moving higher before testing $920 and probably even $909, while she is enjoying her support at $935 for now and resistances at $947 and $967.
Spot Silver has been the real star in the last few session after having taken severe beating. While last night $13.23 was breached effortlessly and today breaking her next resistance $13.36, she is set to look for support at $13.25 with resistances at $13.49 and $13.73, failing which, in all probabilities, she can test $13.16
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