Thursday, 23 May 2013

GOLD TREND FOR TODAY- 24-May-2013


Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory 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 Support for the Gold is 26127-.Resistance for the Gold is 26582-26780-27469-28214-28753-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 26926 with stop at 25373.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 26926 with a stop at 26171.4 Below 25955.7 go for sell and put stop at 26709.5
Intraday Resistance of GOLD are 26695.4 : 26907.4 : 26684.5 : 26718.5
Intraday Support of GOLD are 26184.6 : 25972.6 : 26196.7 : 26163

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