Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal and has moved down its previous low. 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 Immediate support for Gold is 29693.Resistance for the Gold is 30010-30029-30186-30246-30303-30669-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy only above 30487.0 or hold with stop at 29812.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 30186.2 with a stop at 29649.6 Below 29510.9 go for sell
Intraday Resistance of GOLD are 30125.9 : 30356.6 : 30107.7 : 30143.8
Intraday Support of GOLD are 29570.1 : 29339.4 : 29589.4 : 29553.6
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Gold prices were bearish last week amid lower inflation rate reflected in consumer and producers prices.
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