Sunday 24 February 2013

GOLD TREND FOR TODAY- 25-FEB-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend 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 30121-30363-30369-30643-30871-31056-

Short term and Intraday Level of GOLD

Currently Gold is in SELL position Gold is showing some Up momentum So buy above 29734.0 with stop at 29263.0 The Gold is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 29866.3 with a stop at 29445.1 Below 29344.5 go for sell and put stop at 29765.3
Intraday Resistance of GOLD are 29657/29700.2/29931/30017.6
Intraday Support of GOLD are 29553/29509.8/29328.6/29243/29157.5

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1 comments :

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