Monday 22 July 2013

GOLD TREND FOR TODAY- 23-July-2013

Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume 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 and closed above 1 month high with volume signals up breakout.Positionally Support for the Gold is 26982-26713-26664-26582-26360-26190-. Immediate resistance for Gold is 27730
Short term and Intraday Level of GOLD
Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 26696 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 28132.2 with a stop at 27247.4 Below 26989.9 go for sell with a stop at 27873.6
Intraday Resistance of GOLD are 27794.5 : 28028.9 : 28418.1 : 27809.6 : 27844.3
Intraday Support of GOLD are 27325.5 : 27091.1 : 26701.9 : 27311.5 : 27277.2

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