Gold is in long- 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 28642-28266-.Resistance for the Gold is
30110-30970-31767-31946-
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 30124.0 The
Gold is now trading in highly oversold level. The oscillator is showing BUY
signal
Intraday Trend- Buy is advised above 30250.4 with a stop at 29526.3 Below 29325.2 go for sell
Intraday Resistance of GOLD are 30147.4 : 30446.6 : 30046.4 : 30082.5
Intraday Support of GOLD are 29426.6 : 29127.4 : 29528.7 : 29492.9
Intraday Trend- Buy is advised above 30250.4 with a stop at 29526.3 Below 29325.2 go for sell
Intraday Resistance of GOLD are 30147.4 : 30446.6 : 30046.4 : 30082.5
Intraday Support of GOLD are 29426.6 : 29127.4 : 29528.7 : 29492.9
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