Monday, 20 May 2013

GOLD TREND FOR TODAY- 20-May-2013


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 25673.Resistance for the Gold is 26688-26794-26796-27755-28399-28934-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 26073.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26087.5 with a stop at 25683.3 Below 25583.3 go for sell
Intraday Resistance of GOLD are 25872.8 : 25904.1 : 26066.3 : 26099.9
Intraday Support of GOLD are 25797.2 : 25765.9 : 25584.2 : 25550.9

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1 comments :

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