Sunday, 17 February 2013

GOLD TREND FOR TODAY- 18-FEB-2013



Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Gold above 31014 or buy with strict stop at 29675. 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 HOLD SHORT position.Positionally Immediate support for Gold is 29675.Resistance for the Gold is 30551-30578-30692-30764-31054-31128-

Short term and Intraday Level of GOLD

Currently Gold is in SELL position Gold is in sideways so for short term better buy above 30637.0 with stop at 30006.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 30494.6 with a stop at 30014 Below 29894.4 go for sell and put stop at 30374.5
Intraday Resistance of GOLD are 30209.9/30223/30402.8/30448.8/30536.2/30623.6
Intraday Support of GOLD are 30178.1/30165/29973.3/29927.6/29841.2/29754.9

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