Tuesday, 2 July 2013

GOLD TREND FOR TODAY- 03-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 26296-26808-26962-27110-27214-27725-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is moving sideways with low volatality so short term investor better to buy if close above 26279.0 close below 24830.0 sell will happen. The oscillator is showing BUY signal 
Intraday Trend-Intraday better to buy above 26380.1 and Sell if below25435.6
Intraday Resistance of GOLD are 26136.7 : 26327.4 : 26149 : 26182.6
Intraday Support of GOLD are 25677.3 : 25486.6 : 25666.1 : 25632.8

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