Monday, 25 March 2013

GOLD TREND FOR TODAY- 26-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 . 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 29467-29411-.Resistance for the Gold is 29719-30037-30330-30579-

Short term and Intraday Level of GOLD

Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below29401.3 Buy if above 29847.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29775.2 with a stop at 29465.1 Below 29401.3 go for sell
Intraday Resistance of GOLD are 29774.2/29928.8/29881.4/29967.9
Intraday Support of GOLD are 29401.8/29247.2/29193.9/29108.6
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