Thursday, 9 May 2013

GOLD TREND FOR TODAY- 09-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 25958. 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 26832-26755-26720-.Resistance for the Gold is 28292-28866-29318-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 27144.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 27442.6 with a stop at 26891.7 Below 26744.6 go for sell and put stop at 27294.9
Intraday Resistance of GOLD are 27335.8 : 27537.2 : 27232 : 27266.3
Intraday Support of GOLD are 26850.2 : 26648.8 : 26739.2 : 26705.2
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