Gold is in perfect uptrend .Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 The current position is BUY .Positionally Support for the Gold is 30581-29903-29597-29579-29390-28975-. Immediate resistance for Gold is 30947
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 30198 The Gold is now trading in highly overbought level. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level
Intraday Trend- Buy is advised above 31020.6 with a stop at 30560.4 Below 30448.3 go for sell with a stop at 30908.1
Intraday Resistance of GOLD are 30958.7 : 31145.2 : 30997.5 : 31034.2
Intraday Support of GOLD are 30509.3 : 30322.8 : 30471.6 : 30435.3
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