Friday, 19 April 2013

GOLD TREND FOR TODAY- 20-April-2013


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 .. 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 27384-28086-28714-29201-29648-29971-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is moving sideways with low volatality so short term investor better to buy if close above 27450.0 close below 25270.0 Sell will happen. The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend-Intraday better to buy above 26736.6 and Sell if below24875
Intraday Resistance of GOLD are 25995.5/26154.5/26169.5/26250.5
Intraday Support of GOLD are 25612.5/25453.5/25526.5/25446.6

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