Friday 1 March 2013

GOLD TREND FOR TODAY- 02-March-2013

21:25   , , , ,   28 comments


Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Gold above 30760 or buy with strict stop at 29146. 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 29839-30037-30278-30539-30749-30996-

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 30063.8 with stop at 29455.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30063.8 with a stop at 29514.5 Below 29371.4 go for sell and put stop at 29920.1
Intraday Resistance of GOLD are 29937.5/30120.6/30021.2/30107.9
Intraday Support of GOLD are 29496.5/29313.4/29332.1/29246.6

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