Thursday 21 February 2013

GOLD TREND FOR TODAY- 22-FEB-2013


Gold is bearish for medium-long term.Currently Gold is showing some down move and trend is strong momentum is also showing strength and supported with good volume The open interest is not increasing with trend .. 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 SELL position.Positionally Immediate support for Gold is 29146.Resistance for the Gold is 30334-30451-30512-30692-30945-31086-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 30088.6 with stop at 29263.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30088.6 with a stop at 29539.5 Below 29396.5 go for sell and put stop at 29945.1
Intraday Resistance of GOLD are 30028.6/30266.4/29939.7/30026.3
Intraday Support of GOLD are 29455.4/29217.6/29251.6/29166.2

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