Tuesday, 16 July 2013

GOLD TREND FOR TODAY- 17-July-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is 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 The current position is BUY .Positionally Support for the Gold is 26303-26197-26096-.Resistance for the Gold is 26835-26856-27344-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position In short term Gold is in strong up trend so hold with stop at 26456 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26676 with a stop at 26339.3 Below 26262.6 go for sell with a stop at 26599
Intraday Resistance of GOLD are 26622.8 : 26750.4 : 26713.6 : 26747.6
Intraday Support of GOLD are 26315.2 : 26187.6 : 26225.5 : 26191.8

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