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Gold is bearish for medium-long term .Currently Gold is in 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 Gold is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Gold is 28837.Resistance for the Gold is 30040-30206-30232-30265-30294-30489-
Short term and Intraday Level of GOLD
Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in SELL position Gold is moving sideways so short term investor better to buy only above 31062.0 or hold with stop at 28953.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 30366.4 with a stop at 28597.3 Below 28048 go for sell
Intraday Resistance of GOLD are 29519.2 : 29780 : 29461.9 : 29497.6
Intraday Support of GOLD are 28890.8 : 28630 : 28949.2 : 28913.8
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