Gold is
bearish for medium-long term .Currently Gold is in strong uptrend but volume is
unsatisfactory The open interest is not increasing with trend . In last few
days lot of positive accumulation happened in the Gold Cautious point is buying
at higer levels seems decreasing. The Gold is now trading in overbought level.
The Gold is now trading in overbought level. The oscillator is showing BUY
signal For short term Gold is in HOLD LONGposition.Positionally
Support for the Gold is 30615-30423-30285-.Resistance for the Gold is
31152-31173-
Short term and Intraday Level of
GOLD
Currently
Gold is in HOLD LONG position Gold is in profit booking mode
so hold with stop at 30710 The Gold is now trading in highly overbought level.
The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 31025.2 with a stop at 30679.4 Below 30605.4 go for sell and put stop at 30950.9
Intraday Resistance of GOLD are 30828.7/30840/31027.3/31073.9/31162.1/31250.4
Intraday Support of GOLD are 30801.3/30790/30593.4/30547.3/30459.9/30372.7
Intraday Trend- Buy is advised only above 31025.2 with a stop at 30679.4 Below 30605.4 go for sell and put stop at 30950.9
Intraday Resistance of GOLD are 30828.7/30840/31027.3/31073.9/31162.1/31250.4
Intraday Support of GOLD are 30801.3/30790/30593.4/30547.3/30459.9/30372.7
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