Monday, 1 April 2013

GOLD TREND FOR TODAY- 02-April-2013


Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Gold above 30009 or buy with strict stop at 29137. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 29137.Resistance for the Gold is 29652-29682-29710-29965-30243-30474-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 29647.0 with stop at 29254.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29674.5 with a stop at 29362.5 Below 29298 go for sell and put stop at 29609.8
Intraday Resistance of GOLD are 29572.2/29643.7/29799.9/29886.3
Intraday Support of GOLD are 29399.8/29328.3/29113.4/29028.2
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