Monday 1 July 2013

GOLD TREND FOR TODAY- 02-July-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 24731.Resistance for the Gold is 26393-26934-26981-27151-27265-27762-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position Gold is showing some Up momentum So buy above 25822.0 with stop at 24830.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 26311.6 with a stop at 25790.3 Below 25651.5 go for sell and put stop at 26172.3
Intraday Resistance of GOLD are 26259.1 : 26490 : 26223.3 : 26257
Intraday Support of GOLD are 25702.9 : 25472 : 25739.8 : 25706.4

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1 comments :

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