Gold is in long- medium- short-medium- short- term bull phase .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 SELL signal For
short term Gold is in HOLD LONG position.Positionally Support for
the Gold is 32337-30860-28988-28247-27832-.Resistance for the Gold is 33185-
Short term and Intraday Level of
GOLD
Currently Gold is in HOLD LONG position Gold has formed new 5 day high but the trend looks weak so
better buy above 33847.4 Yesterday the selling was with volume so risk takers
can go for shorting at current rate with stop at 34549.0 The oscillator is
showing BUY signal
Intraday Trend- Sell if open below 31952 with stop loss at 33258.3 or sell below 31365.3Buy is not advised till it cross 33847.4
Intraday Resistance of GOLD are 33191.9 : 33779.8 : 34755.8 : 32875.4 : 32913.1
Intraday Support of GOLD are 32016.1 : 31428.2 : 30452.2 : 32333.7 : 32296.3
Intraday Trend- Sell if open below 31952 with stop loss at 33258.3 or sell below 31365.3Buy is not advised till it cross 33847.4
Intraday Resistance of GOLD are 33191.9 : 33779.8 : 34755.8 : 32875.4 : 32913.1
Intraday Support of GOLD are 32016.1 : 31428.2 : 30452.2 : 32333.7 : 32296.3
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