GOLD TREND FOR TODAY- 23-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 . 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 The current position is BUY .Positionally Support for the Gold is 29985-29217-28687-27456-27386-27175-. Immediate resistance for Gold is 31815

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 31688.0 or hold with stop at 30240.0 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 31549.8 with a stop at 30904.6 Below 30731.6 go for sell
Intraday Resistance of GOLD are 31486.8 : 31774.7 : 31405.3 : 31442.1
Intraday Support of GOLD are 30793.2 : 30505.3 : 30875.9 : 30839.3

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