GOLD TREND FOR TODAY- 02-Aug-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 27711-27296-26907-26847-26844-26771-. Immediate resistance for Gold is 29126

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28019 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 28876.2 with a stop at 27864.9 Below 27566.2 go for sell with stop at 28576.3
Intraday Resistance of GOLD are 28464 : 28666.6 : 28472.5 : 28507.7
Intraday Support of GOLD are 27976 : 27773.4 : 27968.6 : 27933.8

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