Friday, 10 May 2013

GOLD TREND FOR TODAY- 11-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 Buy the Gold above 27557 or buy with strict stop at 26133. 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 SHORT position.Positionally Support for the Gold is 26579-.Resistance for the Gold is 27015-27034-28195-28767-29240-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position The Gold is in downtrend For short term buy only if close above 27160.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 27217.3 with a stop at 26629.6 Below 26470 go for sell
Intraday Resistance of GOLD are 27135.4 : 27378.1 : 27094.7 : 27128.9
Intraday Support of GOLD are 26550.6 : 26307.9 : 26603.1 : 26569.2

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