Gold is in long- medium- term bull phase .Currently Gold is in strong
downtrend 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 29808-28618-28230-.Resistance for the Gold is
31254-31988-32026-
Short
term and Intraday Level of GOLD
Currently Gold is in SELL position
The Gold is in downtrend For short term buy only if close above 30333.0 The
Gold is now trading in highly oversold level. The oscillator is showing BUY
signal
Intraday Trend- Buy is advised only above 30557.9 with a stop at 29883.7 Below 29699.6 go for sell and put stop at 30373.1
Intraday Resistance of GOLD are 30354.3 : 30542.2 : 30388.9 : 30425.2
Intraday Support of GOLD are 29901.7 : 29713.8 : 29868.2 : 29832.3
Intraday Trend- Buy is advised only above 30557.9 with a stop at 29883.7 Below 29699.6 go for sell and put stop at 30373.1
Intraday Resistance of GOLD are 30354.3 : 30542.2 : 30388.9 : 30425.2
Intraday Support of GOLD are 29901.7 : 29713.8 : 29868.2 : 29832.3
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