Gold is bearish for medium-long term .Currently Gold is showing some up
move after small correction and trend is strong and supported with good volume
The open interest is not increasing with trend . Caution note buying at higer
levels seems decreasing. 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 26459-26067-25928-.Resistance for the Gold is
26802-26830-27435-
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 26202 The
oscillator is showing BUY signal
Intraday Trend- Buy is advised above 27028.5 with a stop at 26361.4 Below 26174.9 go for sell with stop at 26841.4
Intraday Resistance of GOLD are 26737.9 : 26851.5 : 26846.2 : 26880.3
Intraday Support of GOLD are 26464.1 : 26350.5 : 26356.9 : 26323.2
Intraday Trend- Buy is advised above 27028.5 with a stop at 26361.4 Below 26174.9 go for sell with stop at 26841.4
Intraday Resistance of GOLD are 26737.9 : 26851.5 : 26846.2 : 26880.3
Intraday Support of GOLD are 26464.1 : 26350.5 : 26356.9 : 26323.2
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