Tuesday, 28 January 2014

GOLD TREND FOR TODAY- 28-Jan-2014

Gold is in perfect uptrend .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 29479-29399-29175-29160-29050-28835-. Immediate resistance for Gold is 29968
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 30040 or hold with stop at 28965.0 The next resistance will be at 29849.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 30040 with a stop at 29647.6 Below 29556.7 go for sell and put stop at 29948.8
Intraday Resistance of GOLD are 29962.8 : 30099.5 : 30057.5 : 30093.6
Intraday Support of GOLD are 29633.2 : 29496.5 : 29539.6 : 29503.9

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