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Gold may test $1,034/oz in near-term: Sharekhan

Published on Fri, Feb 05, 2010 at 16:25 |  Source : CNBC-TV18

Updated at Fri, Feb 05, 2010 at 17:01  

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Gold may test $1,034/oz in near-term: Sharekhan

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Tejas Shah, Technical Analyst - Commodities at Sharekhan does not expect gold prices to pullback sharply in the near-term. "Our strategy would be to sell on any small rallies."

He says one can sell gold on rallies USD 1,075/oz with a stop loss of USD 1,090/oz. "We are expecting gold to test USD 1,034/oz, which has been 2008 high before the financial crisis began."

  

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