Tuesday, 7 May 2013

GOLD TREND FOR TODAY- 07-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 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above27557 or buy with strict stop at 25591. 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 The current position is BUY .Positionally Support for the Gold is 26969-26860-26589-.Resistance for the Gold is 28389-28970-29397-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in profit booking mode so hold with stop at 26879 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 27445.6 with a stop at 26894.7 Below 26747.6 go for sell and put stop at 27297.9
Intraday Resistance of GOLD are 27221.6 : 27325.8 : 27524.9 : 27607.9
Intraday Support of GOLD are 26970.4 : 26866.2 : 26701.6 : 26619.9

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2 comments :

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