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 28969-28897-28701-.Resistance for the Gold is 29475-29602-29813-
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 29101 The Gold is now trading is
approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29391.8 with a stop at 29136.5 Below 29090.6 go for sell with a stop at 29345.7
Intraday Resistance of GOLD are 29333.2 : 29409.6 : 29498.1 : 29533.8
Intraday Support of GOLD are 29148.8 : 29072.4 : 28985.1 : 28949.7
Intraday Trend- Buy is advised above 29391.8 with a stop at 29136.5 Below 29090.6 go for sell with a stop at 29345.7
Intraday Resistance of GOLD are 29333.2 : 29409.6 : 29498.1 : 29533.8
Intraday Support of GOLD are 29148.8 : 29072.4 : 28985.1 : 28949.7
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