GOLD TREND FOR TODAY- 04-July-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 SELL position.Positionally Support for the Gold is 26022-.Resistance for the Gold is 26701-26949-27064-27186-27692-

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 25805 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 26639.3 with a stop at 26098.7 Below 25953.9 go for sell with a stop at 26493.9
Intraday Resistance of GOLD are 26522.4 : 26710.3 : 26539.8 : 26573.7

Intraday Support of GOLD are 26069.6 : 25881.7 : 26053.3 : 26019.8

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