Gold trend for today- 09-Jan-2013

 Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 30741-30731-.Resistance for the Gold is 31100-31354-31417-31428-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy if close above 31165.0 closing below 30625.0 Sell will happen. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 31158.6 with a stop at 30851 Below 30789.9 go for sell and put stop at 31097.3
Intraday Resistance of GOLD are 31045.3/31104.5/31297.5/31386
Intraday Support of GOLD are 30902.7/30843.5/30681.4/30593.8/30506.5

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