Gold is in perfect uptrend .Currently Gold is in strong uptrend 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 30573-29945-29775-29630-29474-29014-. Immediate resistance for Gold is 31289
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 30328 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 31217.2 with a stop at 30498.4 Below 30300.3 go for sell with a stop at 31018.4
Intraday Resistance of GOLD are 31154.9 : 31484.4 : 31021.6 : 31058.3
Intraday Support of GOLD are 30361.1 : 30031.6 : 30495.5 : 30459.2
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