Thursday 28 February 2013

GOLD TREND FOR TODAY- 01-March-2013

22:03   , , , ,   8 comments


Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory 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 29146.Resistance for the Gold is 29885-30094-30285-30562-30768-31004-

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 only above 30139.0 with stop at 29491.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29915.1 with a stop at 29368.5 Below 29226.1 go for sell
Intraday Resistance of GOLD are 29800.5/29991.8/30017.8/30104.5
Intraday Support of GOLD are 29339.5/29148.2/29328.8/29243.3

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