Sunday, 26 January 2014

GOLD TREND FOR TODAY- 27-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 oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29386-29186-29101-28996-28785-.Resistance for the Gold is 29733-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 29811.8 or hold with stop at 28965.0 The next resistance will be at 29675.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 29811.8 with a stop at 29343.6 Below 29227.2 go for sell and put stop at 29694.9
Intraday Resistance of GOLD are 29752.3 : 29945.9 : 29777.3 : 29813.2
Intraday Support of GOLD are 29285.7 : 29092.1 : 29261.8 : 29226.3

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