CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27900 R1-27500 S1-26900 S2-26600
Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 26997.Resistance for the Gold is 27701-27731-27821-27918-28052-28152-
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