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
BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold
is 28995.Resistance for the Gold is 29541-29629-29774-30201-30460-30764-
Short
term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at
high so for short term better buy above 29552.3 or hold with stop at 29260.0
The next resistance will be at 29594.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29552.3 with a stop at 29233.2 Below 29166.2 go for sell and put stop at 29485
Intraday Resistance of GOLD are 29439.5/29506.3/29707.7/29794
Intraday Support of GOLD are 29278.5/29211.7/29022.3/28937.2
Intraday Trend- Buy is advised only above 29552.3 with a stop at 29233.2 Below 29166.2 go for sell and put stop at 29485
Intraday Resistance of GOLD are 29439.5/29506.3/29707.7/29794
Intraday Support of GOLD are 29278.5/29211.7/29022.3/28937.2
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