Gold is bearish for medium-long term .Currently Gold is
in strong downtrend with good momentum but volume is unsatisfactory The open
interest is not increasing with trend . In last few days volume based selling
happened in the Gold. 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
30218-30403-30437-30665-30908-31070-
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 29873.0 The Gold is now trading is approaching oversold
level. The oscillator is on BUY Signal and Gold is recovering from oversold
level
Intraday Trend- Buy is advised above 29747.3 with a stop at 29327.8 Below 29227.5 go for sell
Intraday Resistance of GOLD are 29687.9/29854.7/29918.3/30004.8
Intraday Support of GOLD are 29286.1/29119.3/29230.4/29145
Intraday Trend- Buy is advised above 29747.3 with a stop at 29327.8 Below 29227.5 go for sell
Intraday Resistance of GOLD are 29687.9/29854.7/29918.3/30004.8
Intraday Support of GOLD are 29286.1/29119.3/29230.4/29145
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