Thursday 2 May 2013

GOLD TREND FOR TODAY- 03-May-2013


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 above27557 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 26664-26341-.Resistance for the Gold is 27491-28543-29114-29515-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 27329.0 with stop at 26365.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 27223.2 with a stop at 26733 Below 26605.8 go for sell and put stop at 27095.5
Intraday Resistance of GOLD are 27167.2/27377.4/27147.5/27230
Intraday Support of GOLD are 26660.8/26450.6/26492.5/26411.1

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