GOLD TREND FOR TODAY- 05-Jun-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 The current position is BUY .Positionally Support for the Gold is 26787-26629-26500-26377-.Resistance for the Gold is 27861-28442-

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 27308.0 close below 26555.0 sell will happen. The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend-Intraday better to buy above 27435.2 and Sell if below26580.3
Intraday Resistance of GOLD are 27211.1 : 27380.5 : 27254.1 : 27288.4
Intraday Support of GOLD are 26802.9 : 26633.5 : 26761.1 : 26727

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