Thursday, 23 January 2014

GOLD TREND FOR TODAY- 23-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 29004-28946-28720-.Resistance for the Gold is 29450-29600-29782-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 29390.0 with stop at 28911.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 29294.4 with a stop at 29048.8 Below 29006 go for sell
Intraday Resistance of GOLD are 29235.9 : 29307.2 : 29406.7 : 29442.3
Intraday Support of GOLD are 29064.1 : 28992.8 : 28894.5 : 28859.1

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