Wednesday, 13 February 2013

GOLD TREND FOR TODAY- 14-FEB-2013


Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for the Gold is 30402-30305-.Resistance for the Gold is 30703-30820-31110-31159-

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 30700.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 30678.3 with a stop at 30461.4 Below 30430 go for sell
Intraday Resistance of GOLD are 30623.5/30681.2/30917.7/31005.6
Intraday Support of GOLD are 30484.5/30426.8/30218.3/30131.5


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