Wednesday 1 May 2013

GOLD TREND FOR TODAY- 02-May-2013

22:44   , , , , , ,   20 comments


Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 3 weeks Gold is trading in low volatality and fresh Buy can be considered in the Gold if it close above27560 or buy with strict stop at 25169. 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 26257-.Resistance for the Gold is 26791-27568-28598-29156-29556-
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 27129.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26896.3 with a stop at 26335.9 Below 26184.9 go for sell
Intraday Resistance of GOLD are 26675.9/26811.7/27037.3/26915.1/26997.2
Intraday Support of GOLD are 26404.1/26268.3/26042.7/26262.9/26181.9

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