Wednesday, 15 May 2013

GOLD TREND FOR TODAY- 16-May-2013

23:54   , , , , , , , , ,   3 comments


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 and has moved down its previous low with good volume points to a negative break out . 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 inHOLD SHORT position and closed below 3 week low with volume signals down breakout.Positionally Immediate support for Gold is 26083.Resistance for the Gold is 26767-26979-26983-27980-28568-29076-
Short term and Intraday Level of GOLD
Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 26837.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26649.8 with a stop at 26114.4 Below 25971.3 go for sell
Intraday Resistance of GOLD are 26593.3 : 26828.4 : 26645 : 26678.9
Intraday Support of GOLD are 26026.7 : 25791.6 : 26157.5 : 26123.9

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