GOLD TREND FOR TODAY- 12-FEB-2013

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 . 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 LONG position.Positionally Support for the Gold is 30418-30327-30282-.Resistance for the Gold is 30845-31137-31170-

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 30890.0 with stop at 30565.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 30854.7 with a stop at 30502.3 Below 30425.9 go for sell
Intraday Resistance of GOLD are 30778/30892.5/31037.3/31125.5
Intraday Support of GOLD are 30502/30387.5/30336.7/30249.6

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