Thursday, 9 January 2014

GOLD TREND FOR TODAY- 09-Jan-2014


Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold 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 LONG position.Positionally Support for the Gold is 28592-28530-.Resistance for the Gold is 29038-29611-29705-30181-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in profit booking mode so hold with stop at 28788 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28967.4 with a stop at 28681.7 Below 28625 go for sell and put stop at 28910.5
Intraday Resistance of GOLD are 28909.6 : 29003.9 : 29051.1 : 29086.6
Intraday Support of GOLD are 28682.4 : 28588.1 : 28542 : 28506.9

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