GOLD TREND FOR TODAY- 29-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 29202-29164-29096-28881-.Resistance for the Gold is 29644-29703-

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 29849.0 with stop at 28965.0 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29760 with a stop at 29372.4 Below 29282.8 go for sell
Intraday Resistance of GOLD are 29656.8 : 29769.4 : 29779.3 : 29815.2
Intraday Support of GOLD are 29385.2 : 29272.6 : 29263.8 : 29228.3

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