Sunday, 13 January 2013

Gold trend for today- 14-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 SELL signal .In last 1 month volatality is very less Buy the Gold above 31316 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 SELL signal For short term Gold is inHOLD SHORT position.Positionally Immediate support for Gold is 30496.Resistance for the Gold is 30972-31005-31011-31336-31356-31370-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position The Gold is not giving any clear signal So buy only if close above31004.0 and sell below 30700.0 The oscillator is showing SELL signal
Intraday Trend-The Gold closed in a confusion manner So buy for intraday only above 30983.4 with a stop at 30662.8 If opens below 30662.8 or trade below 30597.2 be cautious or go for sell with stop at 30917.5
Intraday Resistance of GOLD are 30797.1/30803/31006.3/31052.8/31140.9/31229.2
Intraday Support of GOLD are 30782.9/30777/30572.5/30526.4/30439.1/30351.9




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