GOLD TREND FOR TODAY- 22-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 above27033 or buy with strict stop at 25607. 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 26438-26266-26168-.Resistance for the Gold is 26862-26904-27218-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 26814.0 with stop at 26240.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 26870 with a stop at 26596 Below 26540.5 go for sell
Intraday Resistance of GOLD are 26735.1 : 26760 : 26950.7 : 26984.8
Intraday Support of GOLD are 26674.9 : 26650 : 26460.4 : 26426.6

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