Monday, 8 July 2013

GOLD TREND FOR TODAY- 09-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 and fresh Buy can be considered in the Gold if it close above27151 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 HOLD LONG position.Positionally Support for the Gold is 25791-.Resistance for the Gold is 26260-26870-26876-26922-27559-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is showing some Up momentum So buy above 26138.0 with stop at 25710.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 26327.6 with a stop at 25970.9 Below 25887 go for sell and put stop at 26243.4
Intraday Resistance of GOLD are 26275.1 : 26414.6 : 26349.9 : 26383.7
Intraday Support of GOLD are 25938.9 : 25799.4 : 25865.2 : 25831.8

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