Gold is in long- 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.Positionally
Support for the Gold is 28589-28188-.Resistance for the Gold is
29971-31686-32014-32244-
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
30642.0 The Gold is now trading in highly oversold level. The oscillator is
showing BUY signal
Intraday Trend- Buy is advised above 29992.9 with a stop at 29331.2 Below 29150.5 go for sell
Intraday Resistance of GOLD are 29933.1 : 30233.6 : 29829.5 : 29865.4
Intraday Support of GOLD are 29208.9 : 28908.4 : 29313.6 : 29278
Intraday Trend- Buy is advised above 29992.9 with a stop at 29331.2 Below 29150.5 go for sell
Intraday Resistance of GOLD are 29933.1 : 30233.6 : 29829.5 : 29865.4
Intraday Support of GOLD are 29208.9 : 28908.4 : 29313.6 : 29278
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