Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 28137.Resistance for the Gold is 28675-28940-29421-29813-29834-30357-
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 28697.0 or hold with stop at 28250.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 28630.1 with a stop at 28195.5 Below 28088.8 go for sell
Intraday Resistance of GOLD are 28479.3 : 28579.2 : 28612.2 : 28647.4
Intraday Support of GOLD are 28238.7 : 28138.8 : 28107 : 28072.1
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