GOLD TREND FOR TODAY- 20-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 . 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 28897-28781-28690-.Resistance for the Gold is 29503-29609-29898-

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 29314.0 with stop at 28865.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 29544.7 with a stop at 29096.3 Below 28986.2 go for sell and put stop at 29434.1
Intraday Resistance of GOLD are 29485.7 : 29668.9 : 29522.2 : 29557.9
Intraday Support of GOLD are 29044.3 : 28861.1 : 29009 : 28973.5

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