Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum and the trend is supported with good volume 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 HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Gold is 28687.Resistance for the Gold is 28993-29709-29891-29991-30208-30834-
Short term and Intraday Level of GOLD
Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 29596.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29236.7 with a stop at 28638.9 Below 28478.5 go for sell
Intraday Resistance of GOLD are 29178.4 : 29445.1 : 29112.4 : 29147.9
Intraday Support of GOLD are 28535.6 : 28268.9 : 28602.8 : 28567.6
To Get Free Tips:
Bullion Tips |Commodity Tips |Mcx Tips
0 comments :
Post a Comment