Gold is bearish for medium-long term .Currently Gold is in strong
downtrend with good momentum but volume is unsatisfactory The open interest is
not increasing with trend . In last few days volume based selling happened in
the Gold. 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 SELL position.Positionally
Immediate support for Gold is 25673.Resistance for the Gold is
26778-26793-26843-27832-28455-28981-
Short
term and Intraday Level of GOLD
Currently
Gold is in HOLD
SHORT position
Gold has formed a new 5 day low yesterday but failed to keep the trend so if
selling has to considered better below25631.8 Buy if above 26918.0 The Gold is
now trading is approaching oversold level. The oscillator is showing SELL
signal
Intraday Trend- Buy is advised above 26137 with a stop at 25732 Below 25631.8 go for sell
Intraday Resistance of GOLD are 26084.8 : 26251.5 : 26176.1 : 26209.8
Intraday Support of GOLD are 25683.2 : 25516.5 : 25693 : 25659.7
Intraday Trend- Buy is advised above 26137 with a stop at 25732 Below 25631.8 go for sell
Intraday Resistance of GOLD are 26084.8 : 26251.5 : 26176.1 : 26209.8
Intraday Support of GOLD are 25683.2 : 25516.5 : 25693 : 25659.7
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