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 Gold is in HOLD LONG position.Positionally
Support for the Gold is 28999-28672-28227-27203-27193-27037-. Immediate
resistance for Gold is 31403
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 30217 The Gold is
now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 31559.9 with a stop at 30937 Below 30771.4 go for sell with a stop at 31393.6
Intraday Resistance of GOLD are 31496.9 : 31772.5 : 31430.4 : 31467.3
Intraday Support of GOLD are 30833.1 : 30557.5 : 30900.8 : 30864.2
Intraday Trend- Buy is advised above 31559.9 with a stop at 30937 Below 30771.4 go for sell with a stop at 31393.6
Intraday Resistance of GOLD are 31496.9 : 31772.5 : 31430.4 : 31467.3
Intraday Support of GOLD are 30833.1 : 30557.5 : 30900.8 : 30864.2
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