Gold is in long- medium- term bull phase .Currently Gold is in strong
downtrend with good momentum but volume is unsatisfactory 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
and closed below 3 week low with volume signals down breakout.Positionally
Support for the Gold is 29671-28567-28151-.Resistance for the Gold is
31998-32037-32522-
Short
term and Intraday Level of GOLD
Gold and closed below 1 week low with volume
signals down breakoutCurrently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep
the trend so if selling has to considered better below29544.3 Buy if above
31967.0 The Gold is now trading in highly oversold level. The oscillator is
showing BUY signal
Intraday Trend- Buy is advised above 30551.5 with a stop at 29765.6 Below 29544.3 go for sell
Intraday Resistance of GOLD are 30488.9 : 30855.6 : 30307.6 : 30343.8
Intraday Support of GOLD are 29605.1 : 29238.4 : 29787.6 : 29751.7
Intraday Trend- Buy is advised above 30551.5 with a stop at 29765.6 Below 29544.3 go for sell
Intraday Resistance of GOLD are 30488.9 : 30855.6 : 30307.6 : 30343.8
Intraday Support of GOLD are 29605.1 : 29238.4 : 29787.6 : 29751.7
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