Gold is bearish for medium-long term .Currently Gold is in strong
downtrend and the trend is supported with good volume The open interest is not
increasing with trend . In last few days volume based selling happened in the
Gold. 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 SELL position
and closed below 1 month low with volume signals down breakout.Positionally
Immediate support for Gold is 25348.Resistance for the Gold is
28899-29058-29338-29556-29914-30180-
Short
term and Intraday Level of GOLD
Currently
Gold is in HOLD
SHORT position
The Gold is in downtrend For short term buy only if close above 28211.0 The
Gold is now trading in highly oversold level. The oscillator is showing SELL
signal
Intraday Trend- Sell if open below 24903 with stop loss at 26367.8 or sell below 24223.2 Buy only above 27050.2
Intraday Resistance of GOLD are 26184.4/26734.8/27648.5/26502.6/26584.1
Intraday Support of GOLD are 25083.6/24533.2/23619.5/25855.4/25775.1
Intraday Trend- Sell if open below 24903 with stop loss at 26367.8 or sell below 24223.2 Buy only above 27050.2
Intraday Resistance of GOLD are 26184.4/26734.8/27648.5/26502.6/26584.1
Intraday Support of GOLD are 25083.6/24533.2/23619.5/25855.4/25775.1
To Get Free Tips:
9770670009, 0731-3299704
0 comments :
Post a Comment