Tuesday, 22 January 2013

GOLD TREND FOR TODAY- 23-JAN-2013


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 Support for the Gold is 30628-.Resistance for the Gold is 30922-30933-31191-31294-31297-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy if close above 30870.0 closing below 30530.0 Sell will happen. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 31021.2 with a stop at 30617 Below 30523.6 go for sell and put stop at 30927.4
Intraday Resistance of GOLD are 30828.4/30875.2/31032/31120.2/31208.4
Intraday Support of GOLD are 30715.6/30668.8/30505.8/30418.5/30331.4


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