Gold is bearish
for medium-long term .Currently Gold is showing some up move after small
correction and trend is strong and supported with good volume The open interest
is not increasing with trend . Caution note 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 28558-28522-.Resistance for the Gold is 29101-29639-29718-30211-
Short term and Intraday Level of
GOLD
Currently
Gold is in HOLD LONG position In short term Gold is in
strong up trend so hold with stop at 28842 The Gold is now trading in highly
overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29033.1 with a stop at 28705.9 Below 28635.5 go for sell with stop at 28962.4
Intraday Resistance of GOLD are 28975.1 : 29092.3 : 29089.3 : 29124.8
Intraday Support of GOLD are 28692.9 : 28575.7 : 28579.9 : 28544.7
Intraday Trend- Buy is advised above 29033.1 with a stop at 28705.9 Below 28635.5 go for sell with stop at 28962.4
Intraday Resistance of GOLD are 28975.1 : 29092.3 : 29089.3 : 29124.8
Intraday Support of GOLD are 28692.9 : 28575.7 : 28579.9 : 28544.7
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