GOLD TREND FOR TODAY- 07-Sep-2013

Gold is in long- medium- short-medium- term bull phase .Currently Gold is in 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 on SELL signal and Gold is coming down from overbought level For short term Gold is in SELL position.Positionally Support for the Gold is 31210-29226-28359-27933-.Resistance for the Gold is 32737-33230-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy only above 34549.0 or hold with stop at 31564.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 32335.9 with a stop at 31592.5 Below 31387.7 go for sell
Intraday Resistance of GOLD are 32271.4 : 32612 : 32129.3 : 32166.6
Intraday Support of GOLD are 31450.6 : 31110 : 31593.8 : 31556.9

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