Gold is
bearish for medium-long term .Currently Gold is in strong downtrend and the
trend is supported with good volume 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 inSELL position.Positionally
Immediate support for Gold is 29675.Resistance for the Gold is
30409-30552-30718-30938-31213-31216-
Short term and Intraday Level of GOLD
Currently
Gold is in SELL position Gold is showing some Up
momentum So buy above 30143.0 with stop at 29794.0 The Gold is now trading is
approaching oversold level. The oscillator is on BUY Signal and Gold is
recovering from oversold level
Intraday Trend- Buy is advised only above 30345.7 with a stop at 29850.1 Below 29725.3 go for sell and put stop at 30220.4
Intraday Resistance of GOLD are 30111.8/30175.6/30345.7/30432.9
Intraday Support of GOLD are 29958.2/29894.4/29739.1/29652.9/29566.9
Intraday Trend- Buy is advised only above 30345.7 with a stop at 29850.1 Below 29725.3 go for sell and put stop at 30220.4
Intraday Resistance of GOLD are 30111.8/30175.6/30345.7/30432.9
Intraday Support of GOLD are 29958.2/29894.4/29739.1/29652.9/29566.9
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