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
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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