Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28605.Resistance for the Gold is 29978-30037-30110-30141-30304-30370-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 31062.0 with stop at 28720.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29525 with a stop at 28884.6 Below 28710.4 go for sell and put stop at 29350.1
Intraday Resistance of GOLD are 29291.9 : 29437 : 29373.5 : 29409.2
Intraday Support of GOLD are 28942.1 : 28797 : 28861.6 : 28826.3
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GOLD TRADING TIPS FOR TODAY
ReplyDeleteBUY GOLD (FEB) ABOVE 29410 TG-29440/29480/29540 SL-29370 (CMP-29393)
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