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 29202-29052-28972-28739-.Resistance for the Gold is 29606-29757-
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 if close above 29390.0 closing below 28911.0
Sell will happen. The Gold is now trading in highly oversold level. The oscillator
is showing BUY signal
Intraday Trend- Buy is advised only above 29649 with a stop at 29179.1 Below 29061.9 go for sell and put stop at 29531.4
Intraday Resistance of GOLD are 29589.8 : 29784.7 : 29612.6 : 29648.4
Intraday Support of GOLD are 29120.2 : 28925.3 : 29098.6 : 29063.1
Intraday Trend- Buy is advised only above 29649 with a stop at 29179.1 Below 29061.9 go for sell and put stop at 29531.4
Intraday Resistance of GOLD are 29589.8 : 29784.7 : 29612.6 : 29648.4
Intraday Support of GOLD are 29120.2 : 28925.3 : 29098.6 : 29063.1
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