Friday, 3 May 2013

GOLD TREND FOR TODAY- 04-May-2013


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

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