Gold is in long- short- term bull phase .Currently Gold is in downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29991-29901-29250-28679-.Resistance for the Gold is 30696-30899-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in sideways so for short term better buy above 30849.0 with stop at 29352.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30871.8 with a stop at 29841.1 Below 29538.6 go for sell and put stop at 30568.1
Intraday Resistance of GOLD are 30627.6 : 30979.2 : 30465.3 : 30501.6
Intraday Support of GOLD are 29780.4 : 29428.8 : 29943.9 : 29907.9
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