GOLD TREND FOR TODAY- 01-Jun-2013

Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note 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 LONG position.Positionally Support for the Gold is 26488-26347-26255-.Resistance for the Gold is 27134-27965-28542-

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 only above 27308.0 with stop at 26202.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 27178.2 with a stop at 26695.5 Below 26570.8 go for sell
Intraday Resistance of GOLD are 27123.9 : 27331.4 : 27120.5 : 27154.7
Intraday Support of GOLD are 26624.1 : 26416.6 : 26628.7 : 26594.7

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