Wednesday, 20 March 2013

GOLD TREND FOR TODAY- 21-March-2013

23:28   , , ,   5 comments


Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 LONG position.Positionally Support for the Gold is 29452-29374-29364-.Resistance for the Gold is 30114-30391-30679-

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 29527 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29821.9 with a stop at 29581 Below 29540.4 go for sell with stop at 29781.1
Intraday Resistance of GOLD are 29778.9/29860.1/30073.2/30159.9
Intraday Support of GOLD are 29583.1/29501.9/29383.5/29297.9

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