Monday 27 May 2013

GOLD TREND FOR TODAY- 28-May-2013

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 BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above27323 or buy with strict stop at 25272. 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 HOLD LONG position.Positionally Support for the Gold is 26306-26056-.Resistance for the Gold is 26730-27343-28122-28674-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is moving sideways with low volatality so short term investor better to buy if close above 26677.0 close below 25843.0 sell will happen. The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend-Intraday better to buy above 26788.6 and Sell if below26104.5
Intraday Resistance of GOLD are 26514.5 : 26571.4 : 26690.5 : 26724.5
Intraday Support of GOLD are 26377.5 : 26320.6 : 26202.6 : 26169

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