Tuesday, 4 February 2014

GOLD TREND FOR TODAY- 04-Feb-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 Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29447-29417-29383-29263-29123-29059-. Immediate resistance for Gold is 30005
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in sideways and sellers was at high so for short term better buy above 30174.8 or hold with stop at 29255.0 The next resistance will be at 29885.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 30174.8 with a stop at 29650.8 Below 29516.2 go for sell and put stop at 30039.8
Intraday Resistance of GOLD are 30114.6 : 30338.4 : 30104.7 : 30140.8
Intraday Support of GOLD are 29575.4 : 29351.6 : 29586.4 : 29550.7
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