GOLD TREND FOR TODAY- 24-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 BUY signal For short term The current position is BUY .Positionally Support for the Gold is 29473-29361-29323-29320-29285-29007-. Immediate resistance for Gold is 30381

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 if close above 30260.0 closing below 29384.0 Sell will happen. The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised only above 30057.6 with a stop at 29775 Below 29720.8 go for sell and put stop at 30003.2
Intraday Resistance of GOLD are 29997.6 : 30087.8 : 30148.9 : 30185
Intraday Support of GOLD are 29780.4 : 29690.2 : 29630.2 : 29594.4

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