GOLD TREND FOR TODAY- 08-Aug-2013

Gold is in long- medium- short-medium- term bull phase .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level .In last 1 month volatality is very less Buy the Gold above 29126 or buy with strict stop at 26679. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level For short term Gold is in SELL position.Positionally Support for the Gold is 27241-26935-26840-26774-.Resistance for the Gold is 28001-28227-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 27953.0 Selling pressure seems to be deceasing So Short term sellers have to take a cautious approach.Short only below 27342.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 27940.7 with a stop at 27517.9 Below 27414.1 go for sell and put stop at 27836.6
Intraday Resistance of GOLD are 27885 : 28057.6 : 27927.1 : 27961.9
Intraday Support of GOLD are 27469 : 27296.4 : 27428 : 27393.6

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