Sunday, 3 March 2013

GOLD TREND FOR TODAY- 04-March-2013


Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above30732 or buy with strict stop at 29146. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29570-.Resistance for the Gold is 29981-30271-30513-30728-30988-

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 29852.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30087 with a stop at 29537.3 Below 29394.1 go for sell and put stop at 29943.3
Intraday Resistance of GOLD are 29764.6/29785/29956.5/30002.3/30088.9/30175.7
Intraday Support of GOLD are 29715.4/29695/29530.2/29484.9/29399.1/29313.4

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