Tuesday 26 February 2013

GOLD TREND FOR TODAY- 27-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 .. 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 and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 29751-.Resistance for the Gold is 30237-30330-30607-30812-31032-

Short term and Intraday Level of GOLD

Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29545 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 30357.6 with a stop at 29929.5 Below 29827.2 go for sell with a stop at 30254.9
Intraday Resistance of GOLD are 30382.4/30623.4/30296.1/30383.2
Intraday Support of GOLD are 29801.6/29560.6/29603.9/29517.9


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