Gold is in long- medium- term bull phase .Currently Gold is in strong
downtrend with good momentum and the trend is supported with good volume The
open interest is not increasing with trend . In last few days volume based
selling happened in the Gold. 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 SELL position.Positionally
Support for the Gold is 29599-28538-28112-.Resistance for the Gold is
31951-32332-32644-
Short
term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above
31516.0 The Gold is now trading in highly oversold level. The oscillator is
showing SELL signal
Intraday Trend- Buy is advised above 31098.2 with a stop at 30443.9 Below 30267.2 go for sell
Intraday Resistance of GOLD are 31036.1 : 31330.1 : 30945.3 : 30981.9
Intraday Support of GOLD are 30327.9 : 30033.9 : 30419.8 : 30383.6
Intraday Trend- Buy is advised above 31098.2 with a stop at 30443.9 Below 30267.2 go for sell
Intraday Resistance of GOLD are 31036.1 : 31330.1 : 30945.3 : 30981.9
Intraday Support of GOLD are 30327.9 : 30033.9 : 30419.8 : 30383.6
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