Friday, 5 July 2013

GOLD TREND FOR TODAY- 06-July-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Gold above 28178 or buy with strict stop at 24731. 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 Immediate support for Gold is 24731.Resistance for the Gold is 26054-26443-26912-26965-27041-27624-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in profit booking mode so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26145.5 with a stop at 25658.9 Below 25531.5 go for sell
Intraday Resistance of GOLD are 26093.4 : 26305.3 : 26079.7 : 26113.3
Intraday Support of GOLD are 25582.6 : 25370.7 : 25597.4 : 25564.2

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