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 . 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 Gold is in HOLD LONG position.Positionally
Support for the Gold is 27491-27445-27162-26730-26610-.Resistance for the Gold
is 28239-
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 27622 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 28227.5 with a stop at 27786.7 Below 27677.4 go for sell with a stop at 28117.7
Intraday Resistance of GOLD are 28171.1 : 28353 : 28203.3 : 28238.3
Intraday Support of GOLD are 27732.9 : 27551 : 27701.8 : 27667.2
Intraday Trend- Buy is advised above 28227.5 with a stop at 27786.7 Below 27677.4 go for sell with a stop at 28117.7
Intraday Resistance of GOLD are 28171.1 : 28353 : 28203.3 : 28238.3
Intraday Support of GOLD are 27732.9 : 27551 : 27701.8 : 27667.2
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