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 The current position is BUY .Positionally
Support for the Gold is 31959-31172-29868-28272-27864-27519-. Immediate
resistance for Gold is 35214
Short
term and Intraday Level of GOLD
Currently
Gold is in HOLD LONG position
Gold has crossed the high but the trend was not strong and sellers was at high
so for short term better buy above 34169.4 with stop at 31686.0 The Gold is now
trading is approaching overbought level. The oscillator is on SELL signal and
Gold is coming down from overbought level
Intraday Trend- Buy is advised only above 34169.4 with a stop at 33357.6 Below 33132.4 go for sell and put stop at 33943.4
Intraday Resistance of GOLD are 34101.2 : 34475.7 : 33925.7 : 33964
Intraday Support of GOLD are 33198.8 : 32824.3 : 33375.4 : 33337.4
Intraday Trend- Buy is advised only above 34169.4 with a stop at 33357.6 Below 33132.4 go for sell and put stop at 33943.4
Intraday Resistance of GOLD are 34101.2 : 34475.7 : 33925.7 : 33964
Intraday Support of GOLD are 33198.8 : 32824.3 : 33375.4 : 33337.4
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