Monday, 29 April 2013

GOLD TREND FOR TODAY- 30-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 3 weeks Gold is trading in low volatality and fresh Buy can be considered in the Gold if it close above29346 or buy with strict stop at 25169. 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 26433-26384-.Resistance for the Gold is 27777-28719-29240-29640-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in profit booking mode so either sell of or keep stop at27012 so better sell and enter at lower level The Gold is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27515.5 with a stop at 26942.2 Below 26787.7 go for sell
Intraday Resistance of GOLD are 27296.8/27417.9/27511.7/27594.7
Intraday Support of GOLD are 27005.2/26884.1/26852.3/26770.4

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