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 . 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 The current position is BUY .Positionally Support for the Gold is 28819-28726-28667-.Resistance for the Gold is 29549-29638-30017-
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 28951 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29309.5 with a stop at 28960.5 Below 28883.1 go for sell with stop at 29231.8
Intraday Resistance of GOLD are 29251 : 29379.6 : 29352.4 : 29388.1
Intraday Support of GOLD are 28941 : 28812.4 : 28840.7 : 28805.4
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