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
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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