Thursday, 18 July 2013

GOLD TREND FOR TODAY- 19-July-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend 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 26309-26186-26185-.Resistance for the Gold is 26851-26878-27279-
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 26925.0 with stop at 26240.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 27021.7 with a stop at 26450.1 Below 26295.5 go for sell and put stop at 26866.5
Intraday Resistance of GOLD are 26809.1 : 26934.5 : 26903.5 : 26937.6
Intraday Support of GOLD are 26506.9 : 26381.5 : 26413.7 : 26379.9

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