Friday, 22 March 2013

GOLD TREND FOR TODAY- 23-March-2013


Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold Cautious point is 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 The current position is BUY .Positionally Support for the Gold is 29460-29448-29391-.Resistance for the Gold is 30074-30360-30633-

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 only above 29889.0 with stop at 29440.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 29960.2 with a stop at 29504.7 Below 29392.7 go for sell
Intraday Resistance of GOLD are 29761.3/29832.1/30057.1/30143.8
Intraday Support of GOLD are 29590.7/29519.9/29367.6/29282
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