Gold
is bearish for medium-long term .Currently Gold is in strong uptrend with good
momentum and the trend is supported with good volume The open interest is not
increasing with trend . Cautious point is buying at higer levels seems
decreasing. 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 The current position is BUY .Positionally Support for the Gold is
29473-29468-29398-.Resistance for the Gold is 30054-30345-30607-
Short
term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is moving sideways so short term
investor better to buy if close above 29889.0 closing below 29481.0 Sell will
happen. The Gold is now trading is approaching overbought level. The oscillator
is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised only above 29977.4 with a stop at 29521.6 Below 29409.5 go for sell and put stop at 29864.9
Intraday Resistance of GOLD are 29704.5/29714/29903.4/29949/30035.6/30122.3
Intraday Support of GOLD are 29681.5/29672/29477.4/29432.1/29346.4/29260.8
Intraday Trend- Buy is advised only above 29977.4 with a stop at 29521.6 Below 29409.5 go for sell and put stop at 29864.9
Intraday Resistance of GOLD are 29704.5/29714/29903.4/29949/30035.6/30122.3
Intraday Support of GOLD are 29681.5/29672/29477.4/29432.1/29346.4/29260.8
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