Sunday, 28 April 2013

GOLD TREND FOR TODAY- 29-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 on BUY Signal and Gold is recovering from oversold level .In last 5 days volatality is very less and fresh Buy can be considered in the Gold if it close above27557 or buy with strict stop at 25958. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 26568-26238-.Resistance for the Gold is 27867-28768-29282-29678-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 26807 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 27554 with a stop at 26979.9 Below 26825.2 go for sell with a stop at 27398.7
Intraday Resistance of GOLD are 27250.4/27301.4/27488.3/27571.2
Intraday Support of GOLD are 27127.6/27076.6/26911/26829.1/26747.2

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