Monday 8 April 2013

GOLD TREND FOR TODAY- 09-April-2013


Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. 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 29365-29279-.Resistance for the Gold is 29838-30116-30362-

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 29816.0 with stop at 28720.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29766 with a stop at 29397.8 Below 29314.7 go for sell
Intraday Resistance of GOLD are 29697.8/29828.8/29929.7/30016.2
Intraday Support of GOLD are 29382.2/29251.2/29241.7/29156.2
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