Friday 7 June 2013

GOLD TREND FOR TODAY- 08-Jun-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold 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 27011-26730-26672-26588-.Resistance for the Gold is 27795-28350-
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 27331 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 27960.4 with a stop at 27291 Below 27105.1 go for sell with stop at 27773.7
Intraday Resistance of GOLD are 27904.6 : 28213.8 : 27781.5 : 27816.1
Intraday Support of GOLD are 27159.4 : 26850.2 : 27283.7 : 27249.3

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