Gold is bearish for medium-long term .Currently Gold is in strong
uptrend but volume is unsatisfactory The open interest is not increasing with
trend . Cautious point is 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 26710-26412-.Resistance for the Gold is
27403-28487-29068-29475-
Short
term and Intraday Level of GOLD
Currently
Gold is in HOLD
SHORT position
Gold is in down trend so buy above 27053.0 The sell will again come if below
26365.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27171.1 with a stop at 26625.7 Below 26480 go for sell
Intraday Resistance of GOLD are 26970.9 : 27116.9 : 27359.2 : 27376.1 : 27458.9
Intraday Support of GOLD are 26679.1 : 26533.1 : 26290.8 : 26555 : 26473.6
Intraday Trend- Buy is advised above 27171.1 with a stop at 26625.7 Below 26480 go for sell
Intraday Resistance of GOLD are 26970.9 : 27116.9 : 27359.2 : 27376.1 : 27458.9
Intraday Support of GOLD are 26679.1 : 26533.1 : 26290.8 : 26555 : 26473.6
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