Tuesday, 13 August 2013

GOLD TREND FOR TODAY- 13-Aug-2013

Gold is in perfect uptrend .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 SELL signal but has moved past its recent high with good volume points to a positive break out . The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 27985-27968-27501-26959-26917-26826-. Immediate resistance for Gold is 29165
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 27891 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29629.5 with a stop at 28542.1 Below 28219.1 go for sell with a stop at 29305.2
Intraday Resistance of GOLD are 29210.6 : 29498.2 : 29975.5 : 29178.7 : 29214.2
Intraday Support of GOLD are 28635.4 : 28347.8 : 27870.5 : 28668.5 : 28633.3

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