GOLD TREND FOR TODAY- 29-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 .Positionally Support for the Gold is 27014-26880-26835-26796-26689-26463-. Immediate resistance for Gold is 27827

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 27716.0 with stop at 27012.0 The Gold is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 27818.2 with a stop at 27510 Below 27444.3 go for sell and put stop at 27752.2
Intraday Resistance of GOLD are 27726.6 : 27806 : 27880.9 : 27915.6
Intraday Support of GOLD are 27535.4 : 27456 : 27382.2 : 27347.8

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