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
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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