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
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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