GOLD TREND FOR TODAY- 14-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 . In last few days lot of positive accumulation happened in the Gold 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 SELL signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28065-28050-27598-26979-26953-26858-. Immediate resistance for Gold is 29450

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 28208 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29277.3 with a stop at 28656.1 Below 28488 go for sell with stop at 29108.5
Intraday Resistance of GOLD are 29218.9 : 29498.5 : 29137.5 : 29173
Intraday Support of GOLD are 28545.1 : 28265.5 : 28627.6 : 28592.5

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