Wednesday 16 January 2013

GOLD TREND FOR TODAY- 17-JAN-2013


Gold is bearish for medium-long term.Currently Gold is showing some down move and trend is strong and supported with good volume The open interest is not increasing with trend .. 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 in HOLD SHORT position.Positionally Support for the Gold is 30747-30729-30715-.Resistance for the Gold is 31311-31319-31337-

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 only above 30940.0 with stop at 30700.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 31086 with a stop at 30764.4 Below 30698.5 go for sell
Intraday Resistance of GOLD are 30953.9/31005.3/31234.8/31323.2
Intraday Support of GOLD are 30830.1/30778.7/30619.3/30531.9/30444.6


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