Wednesday 20 February 2013

GOLD TREND FOR TODAY- 21-FEB-2013


 Gold is bearish for medium-long term.Currently Gold is showing some down move and trend is strong momentum is also showing strength and 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 in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Gold is 29387.Resistance for the Gold is 30442-30492-30549-30715-30978-31098-

Short term and Intraday Level of GOLD

Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 30178.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29873.5 with a stop at 29402.6 Below 29285.5 go for sell
Intraday Resistance of GOLD are 29872.1/30115.3/30053.7/30140.5
Intraday Support of GOLD are 29285.9/29042.7/29364.3/29278.7

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