GOLD TREND FOR TODAY- 15-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 SELL signal .In last 1 month volatality is very less Buy the Gold above 27438 or buy with strict stop at 26260. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.Positionally Support for the Gold is 26532-.Resistance for the Gold is 27035-27039-28042-28619-29122-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy only above 27214.0 with stop at 26586.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27051.9 with a stop at 26508.4 Below 26363.2 go for sell
Intraday Resistance of GOLD are 26852.7 : 26973.5 : 27004.9 : 27039.1
Intraday Support of GOLD are 26561.3 : 26440.5 : 26514.2 : 26480.3

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