GOLD TREND FOR TODAY- 17-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 BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28347-28333-27882-27062-27060-26942-. Immediate resistance for Gold is 30993

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 28922 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- is in intraday buy level better buy above 31302.3 or in low buy above 30209.6 Target is 31788.1 next 32594.6 Below 29725.7 trend reversal can occur so keep long stop at 29725.7
Intraday Resistance of GOLD are 31208.3 : 31661.6 : 32414 : 31018.6 : 31055.3
Intraday Support of GOLD are 30301.7 : 29848.4 : 29096 : 30492.5 : 30456.2

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