Thursday, 7 March 2013

GOLD TREND FOR TODAY- 08-March-2013

22:24   , , , , ,   3 comments


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 and has moved down its previous low with good volume points to a negative break out . 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 inHOLD SHORT position and Gold closed below 1 week low with volume signals down breakout.Positionally Immediate support for Gold is 29241.Resistance for the Gold is 29789-29797-30133-30406-30642-30923-

Short term and Intraday Level of GOLD

Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below29155.5 Buy if above 29770.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29623.2 with a stop at 29242.9 Below 29155.5 go for sell
Intraday Resistance of GOLD are 29564/29709.3/29819.4/29905.8
Intraday Support of GOLD are 29214/29068.7/29132.6/29047.4

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