Friday, 1 February 2013

GOLD TREND FOR TODAY- 02-FEB-2013

21:49   , , ,   1 comment


Gold is bearish for medium-long term .Currently Gold is in strong downtrend 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 SELLposition.Positionally Immediate support for Gold is 29675.Resistance for the Gold is 30481-30608-30754-30957-31225-31228-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 30225.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 30247.7 with a stop at 29753.7 Below 29629.3 go for sell
Intraday Resistance of GOLD are 30103.1/30240.1/30312.9/30400
Intraday Support of GOLD are 29772.9/29635.9/29620.5/29534.5


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