Sunday, 16 February 2014

GOLD TREND FOR TODAY- 17-Feb-2014

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal but has moved past its recent high. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in SELL position.Positionally Support for the Gold is 29168-29141-29021-28929-.Resistance for the Gold is 29510-29601-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29099 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29566.6 with a stop at 29250.1 Below 29184 go for sell with a stop at 29500.2
Intraday Resistance of GOLD are 29482.1 : 29571 : 29632.6 : 29668.5
Intraday Support of GOLD are 29267.9 : 29179 : 29118.5 : 29083
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