GOLD TREND FOR TODAY- 08-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 on BUY Signal and Gold is recovering from oversold level .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above28112 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 on BUY Signal and Gold is recovering from oversold level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 25794-.Resistance for the Gold is 26311-26891-26917-26981-27591-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 26430.0 with stop at 25710.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 26343.9 with a stop at 25853.5 Below 25725.1 go for sell and put stop at 26215
Intraday Resistance of GOLD are 26141.9 : 26231.4 : 26276.6 : 26310.3
Intraday Support of GOLD are 25926.1 : 25836.6 : 25792.5 : 25759.1

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