Gold is bearish for medium-long term .Currently Gold is
in strong downtrend with good momentum and the trend is supported with good
volume 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 29630-29701-29908-30286-30533-30830-
Short
term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is moving sideways so short term
investor better to buy if close above 29678.0 closing below 29111.0 Sell will
happen. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29673.9 with a stop at 29301.4 Below 29216.8 go for sell and put stop at 29588.9
Intraday Resistance of GOLD are 29553.1/29642.8/29772.8/29859.1
Intraday Support of GOLD are 29336.9/29247.2/29086.6/29001.4
Intraday Trend- Buy is advised only above 29673.9 with a stop at 29301.4 Below 29216.8 go for sell and put stop at 29588.9
Intraday Resistance of GOLD are 29553.1/29642.8/29772.8/29859.1
Intraday Support of GOLD are 29336.9/29247.2/29086.6/29001.4
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