GOLD TREND FOR TODAY- 12-July-2013

Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note 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 and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 26505-26006-25925-.Resistance for the Gold is 26789-26832-27463-

Short term and Intraday Level of GOLD

Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 26046 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 27152.8 with a stop at 26413.2 Below 26202.8 go for sell with a stop at 26941.6
Intraday Resistance of GOLD are 27051.7 : 27362.6 : 26922.6 : 26956.7
Intraday Support of GOLD are 26302.3 : 25991.4 : 26432.6 : 26398.8

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