GOLD TREND FOR TODAY- 08-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 25764. 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 Immediate support for Gold is 25764.Resistance for the Gold is 26864-27044-27072-28337-28916-29355-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 27300.0 with stop at 26543.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 27066.8 with a stop at 26523.5 Below 26378.4 go for sell
Intraday Resistance of GOLD are 26971.8 : 27179.2 : 27034.4 : 27068.6
Intraday Support of GOLD are 26472.2 : 26264.8 : 26543.4 : 26509.5

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