GOLD TREND FOR TODAY- 15-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 and Gold closed below 1 week low with volume signals down breakout.Positionally Support for the Gold is 30314-.Resistance for the Gold is 30630-30746-30805-31094-31150-

Short term and Intraday Level of GOLD

Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below30315.9 Buy if above 30835.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 30610.5 with a stop at 30359 Below 30315.9 go for sell
Intraday Resistance of GOLD are 30549.4/30621.1/30858.7/30946.6
Intraday Support of GOLD are 30376.6/30304.9/30160/30073.2

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