GOLD TREND FOR TODAY- 13-May-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 showing BUY signal .In last 1 month volatality is very less Buy the Gold above 27557 or buy with strict stop at 26260. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Support for the Gold is 26859-26808-26532-.Resistance for the Gold is 28146-28718-29202-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 27347.7 or hold with stop at 26586.0 The next resistance will be at 27214.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 27347.7 with a stop at 26798.2 Below 26651.5 go for sell and put stop at 27200.4
Intraday Resistance of GOLD are 27068.7 : 27126.5 : 27214.2 : 27248.5
Intraday Support of GOLD are 26929.3 : 26871.5 : 26721.6 : 26687.6

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