Gold is bearish for medium-long term .Currently Gold is in
strong downtrend with good momentum and the trend is 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 SELL position.Positionally
Immediate support for Gold is 30408.Resistance for the Gold is
30890-30924-30939-31222-31299-31300-
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 30934.0 closing below 30530.0 Sell will happen. The
oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 31006.1 with a stop at 30602.1 Below 30508.7 go for sell and put stop at 30912.3
Intraday Resistance of GOLD are 30909.3/31035.7/31076.2/31164.4
Intraday Support of GOLD are 30604.7/30478.3/30375.1/30288
Intraday Trend- Buy is advised only above 31006.1 with a stop at 30602.1 Below 30508.7 go for sell and put stop at 30912.3
Intraday Resistance of GOLD are 30909.3/31035.7/31076.2/31164.4
Intraday Support of GOLD are 30604.7/30478.3/30375.1/30288
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