Wednesday, 13 March 2013

GOLD TREND FOR TODAY- 14-March-2013


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 29694-29865-30260-30510-30808-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29345 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29718.3 with a stop at 29345.2 Below 29260.4 go for sell with a stop at 29633.1
Intraday Resistance of GOLD are 29588.2/29670.5/29843.2/29929.6
Intraday Support of GOLD are 29389.8/29307.5/29156.2/29070.8

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