Sunday, 26 May 2013

GOLD TREND FOR TODAY- 27-May-2013

22:48   , , , , , , ,   3 comments

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 BUY signal For short term Gold is in SELL position.Positionally Support for the Gold is 26082-.Resistance for the Gold is 26561-26754-27407-28171-28713-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in profit booking mode so either sell of or keep stop at26057 so better sell and enter at lower level The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 26616.9 with a stop at 26274.5 Below 26195.7 go for sell
Intraday Resistance of GOLD are 26563.8 : 26694.7 : 26650.3 : 26684.3
Intraday Support of GOLD are 26248.2 : 26117.3 : 26162.8 : 26129.2
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