Tuesday, 28 May 2013

GOLD TREND FOR TODAY- 29-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 above27224 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 26257-26066-.Resistance for the Gold is 26698-27283-28078-28636-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 26272 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 26808.2 with a stop at 26186.7 Below 26015.2 go for sell with stop at 26636
Intraday Resistance of GOLD are 26754.7 : 27040 : 26655.3 : 26689.3
Intraday Support of GOLD are 26067.3 : 25782 : 26167.8 : 26134.2

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