Monday 4 February 2013

GOLD TREND FOR TODAY- 05-FEB-2013

22:40   , , , , ,   2 comments


 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 on BUY Signal and Gold is recovering from oversold level For short term Gold is in SELL position.Positionally Support for the Gold is 30119-.Resistance for the Gold is 30513-30698-30920-31203-

Short term and Intraday Level of GOLD

Currently Gold is in SELL position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 30606.3 with stop at 29794.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 30606.3 with a stop at 30106.5 Below 29980.7 go for sell and put stop at 30480
Intraday Resistance of GOLD are 30479.5/30634.3/30560.3/30647.8
Intraday Support of GOLD are 30106.5/29951.7/29865/29778.7

2 comments :

  1. Free Stock market tips | Free share market tips17 May 2013 at 23:34

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  2. Free Stock market tips | Free share market tips17 May 2013 at 23:38

    Thanks for sharing the information. That’s a awesome article you posted. I found the post very useful as well as interesting. I will come back to read some more. Stock Tips | Free Stock Tips | Stock Market Tips

    ReplyDelete