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.Positionally
Immediate support for Gold is 25169.Resistance for the Gold is
28572-28812-29193-29467-29845-30124-
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 27179.0 The
Gold is now trading in highly oversold level. The oscillator is showing SELL
signal
Intraday Trend- Buy is advised only above 26298.2 with a stop at 25475.1 Below 25235.7 go for sell and put stop at 26057.9
Intraday Resistance of GOLD are 26005.9/26245.7/26643.9/26044.1/26124.9
Intraday Support of GOLD are 25526.1/25286.3/24888.1/25402.6/25322.9
Intraday Trend- Buy is advised only above 26298.2 with a stop at 25475.1 Below 25235.7 go for sell and put stop at 26057.9
Intraday Resistance of GOLD are 26005.9/26245.7/26643.9/26044.1/26124.9
Intraday Support of GOLD are 25526.1/25286.3/24888.1/25402.6/25322.9
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