Tuesday, 15 January 2013

Gold trend for today- 16-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 30503. 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 Support for the Gold is 30734-30732-30720-.Resistance for the Gold is 31324-31326-31349-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy if close above 30950.0 closing below 30700.0 Sell will happen. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 31062.9 with a stop at 30741.5 Below 30675.7 go for sell and put stop at 30996.8
Intraday Resistance of GOLD are 30951.3/31019.6/31183.2/31271.5
Intraday Support of GOLD are 30786.7/30718.4/30480.8/30393.6

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