Gold is bearish for medium-long term .Currently Gold is in strong
downtrend but volume is unsatisfactory The open interest is not increasing with
trend . In last few days volume based selling happened in the Gold. 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.Positionally
Immediate support for Gold is 27569.Resistance for the Gold is
29219-29326-29487-29653-29983-30236-
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 28824.0 The
Gold is now trading is approaching oversold level. The oscillator is showing
SELL signal
Intraday Trend- Buy is advised only above 28257 with a stop at 27731.6 Below 27594.1 go for sell and put stop at 28118.9
Intraday Resistance of GOLD are 28076.6/28202.4/28188.1/28272.1
Intraday Support of GOLD are 27773.4/27647.6/27520.5/27437.7
Intraday Trend- Buy is advised only above 28257 with a stop at 27731.6 Below 27594.1 go for sell and put stop at 28118.9
Intraday Resistance of GOLD are 28076.6/28202.4/28188.1/28272.1
Intraday Support of GOLD are 27773.4/27647.6/27520.5/27437.7
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