GOLD TREND FOR TODAY- 23-May-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 25272.Resistance for the Gold is 26393-26626-26778-27533-28257-28793-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 26677.0 or hold with stop at 25373.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 26216.8 with a stop at 25810.5 Below 25710 go for sell
Intraday Resistance of GOLD are 26175.2 : 26387.5 : 26739.8 : 26423.9 : 26457.8
Intraday Support of GOLD are 25750.8 : 25538.5 : 25186.2 : 25938.5 : 25905

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