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 26239-26141-.Resistance for the Gold is
26458-26842-26866-27311-
Short
term and Intraday Level of GOLD
Currently
Gold is in HOLD SHORT position
Gold is moving sideways so short term investor better to buy only above 26925.0
or hold with stop at 26240.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26706.5 with a stop at 26141.5 Below 25988.8 go for sell
Intraday Resistance of GOLD are 26653.2 : 26907.3 : 26591 : 26625
Intraday Support of GOLD are 26040.8 : 25786.7 : 26104.1 : 26070.5
Intraday Trend- Buy is advised above 26706.5 with a stop at 26141.5 Below 25988.8 go for sell
Intraday Resistance of GOLD are 26653.2 : 26907.3 : 26591 : 26625
Intraday Support of GOLD are 26040.8 : 25786.7 : 26104.1 : 26070.5
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