Gold is in long- short-medium- short- term bull phase .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 29984-29901-29641-29508-29050-.Resistance for the Gold is 30784-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 31164.0 or hold with stop at 29925.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 30780.5 with a stop at 29799.8 Below 29513.8 go for sell
Intraday Resistance of GOLD are 30432.5 : 30719.1 : 31194.7 : 30407 : 30443.3
Intraday Support of GOLD are 29859.5 : 29572.9 : 29097.3 : 29886.1 : 29850.2
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