Thursday 11 April 2013

GOLD TREND FOR TODAY- 12-April-2013

23:20   , , , , , ,   9 comments


Gold is bearish for medium-long term .Currently Gold is in uptrend but volume is unsatisfactory 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 Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 28605.Resistance for the Gold is 29473-29526-29599-29754-30057-30300-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 29579.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29370.5 with a stop at 29061.8 Below 28998 go for sell
Intraday Resistance of GOLD are 29311.9/29418/29518.3/29604.3
Intraday Support of GOLD are 29056.1/28950/28835/28750.2

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