Gold trend for today- 11-Jan-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above31316 or buy with strict stop at 30496. 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 30806-30777-30727-.Resistance for the Gold is 31343-31392-31394-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 31120.4 with stop at 30721.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 31120.4 with a stop at 30813.1 Below 30752.1 go for sell and put stop at 31059.1
Intraday Resistance of GOLD are 31062/31166.6/31221.4/31309.8
Intraday Support of GOLD are 30810/30705.4/30518.6/30431.3

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