GOLD TREND FOR TODAY- 20-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 29790. 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 29790.Resistance for the Gold is 30540-30564-30579-30742-31010-31110-

Short term and Intraday Level of GOLD

Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 30231.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 30351.2 with a stop at 29872.8 Below 29753.8 go for sell
Intraday Resistance of GOLD are 30185.1/30295.6/30430.9/30518.2
Intraday Support of GOLD are 29918.9/29808.4/29737.1/29651

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