Sunday, 10 March 2013

GOLD TREND FOR TODAY- 11-March-2013


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 .. 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 28995.Resistance for the Gold is 29685-29732-30016-30344-30587-30878-

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 29484.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29573.1 with a stop at 29201.9 Below 29117.5 go for sell and put stop at 29488.4
Intraday Resistance of GOLD are 29358.1/29369/29555.8/29601.2/29687.3/29773.5
Intraday Support of GOLD are 29331.9/29321/29132.3/29087.3/29002.1/28917
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