Gold is in long- medium- short-medium- short- term bull phase .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 Gold is in HOLD LONG position.Positionally Support for the Gold is 29894-29889-29768-29644-.Resistance for the Gold is 30187-30632-
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 30445.0 with stop at 29972.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 30294.7 with a stop at 29899.4 Below 29808 go for sell
Intraday Resistance of GOLD are 30234.3 : 30386.4 : 30311.6 : 30347.8
Intraday Support of GOLD are 29867.7 : 29715.6 : 29791.5 : 29755.6
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