Thursday, 20 February 2014

GOLD TREND FOR TODAY- 21-Feb-2014

Gold is in perfect uptrend .Currently Gold is in strong uptrend with good momentum 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 BUY signal For short term The current position is BUY .Positionally Support for the Gold is 29360-29359-29298-29291-29286-28994-. Immediate resistance for Gold is 30381
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in profit booking mode so either sell of or keep stop at29839 so better sell and enter at lower level The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 30160.6 with a stop at 29713.2 Below 29604.2 go for sell
Intraday Resistance of GOLD are 29986.1 : 30072.6 : 30141.9 : 30178
Intraday Support of GOLD are 29777.9 : 29691.4 : 29623.3 : 29587.5

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