Wednesday, 6 March 2013

GOLD TREND FOR TODAY- 07-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 Buy the Gold above 30396 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 SHORT position.Positionally Immediate support for Gold is 29146.Resistance for the Gold is 29810-29849-30186-30435-30667-30943-

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 29741.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29872.2 with a stop at 29424.2 Below 29314.7 go for sell and put stop at 29762.2
Intraday Resistance of GOLD are 29743/29867.5/29918.3/30004.8
Intraday Support of GOLD are 29443/29318.5/29230.4/29145

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