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 SELL signal For short term The current position is BUY .Positionally Support for the Gold
is 29193-29139-28964-.Resistance for the Gold is 29543-29652-29687-
Short term and Intraday Level of
GOLD
Currently
Gold is in HOLD SHORT position Gold is moving sideways so
short term investor better to buy only above 29849.0 with stop at 29252.0 The
Gold is now trading in highly oversold level. The oscillator is showing BUY
signal
Intraday Trend- Buy is advised above 29707.5 with a stop at 29184.4 Below 29049.5 go for sell
Intraday Resistance of GOLD are 29633.4 : 29845.4 : 29635.7 : 29671.5
Intraday Support of GOLD are 29122.6 : 28910.6 : 29121.5 : 29086
Intraday Trend- Buy is advised above 29707.5 with a stop at 29184.4 Below 29049.5 go for sell
Intraday Resistance of GOLD are 29633.4 : 29845.4 : 29635.7 : 29671.5
Intraday Support of GOLD are 29122.6 : 28910.6 : 29121.5 : 29086
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