Friday, 15 March 2013

GOLD TREND FOR TODAY- 16-March-2013


Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory 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 BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 28995.Resistance for the Gold is 29541-29629-29774-30201-30460-30764-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 29552.3 or hold with stop at 29260.0 The next resistance will be at 29594.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 29552.3 with a stop at 29233.2 Below 29166.2 go for sell and put stop at 29485
Intraday Resistance of GOLD are 29439.5/29506.3/29707.7/29794
Intraday Support of GOLD are 29278.5/29211.7/29022.3/28937.2


To Get Free Tips:
9770670009, 0731-3299704


0 comments :

Post a Comment