CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-26000 R1-25700 S1-25200 S2-25000
Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend 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 overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 25236.Resistance for the Gold is 26540-26851-26922-27092-27483-27553-
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