Sunday 27 January 2013

GOLD TREND FOR TODAY- 28-JAN-2013



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 .. 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 30137.Resistance for the Gold is 30792-30837-30897-31084-31270-31275-

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 only above 30847.0 or hold with stop at 30258.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 30542.1 with a stop at 30195.4 Below 30120.5 go for sell
Intraday Resistance of GOLD are 30457/30561.6/30708.5/30796.2
Intraday Support of GOLD are 30205/30100.4/30011.5/29925



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