Tuesday, 4 February 2014

GOLD TREND FOR TODAY- 05-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 29446-29427-29411-29302-29113-29109-. Immediate resistance for Gold is 30005
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 29885.0 or hold with stop at 29255.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 30016.1 with a stop at 29494.8 Below 29361 go for sell
Intraday Resistance of GOLD are 29816.2 : 29922.7 : 29947 : 29983
Intraday Support of GOLD are 29559.8 : 29453.3 : 29430.1 : 29394.4

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