GOLD TREND FOR TODAY- 30-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 above27123 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 26465-26243-26116-.Resistance for the Gold is 27227-28039-28600-

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 26316 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 27030.5 with a stop at 26403.8 Below 26230.9 go for sell with a stop at 26856.9
Intraday Resistance of GOLD are 26782.8 : 26909.6 : 26875.3 : 26909.5
Intraday Support of GOLD are 26477.2 : 26350.4 : 26385.8 : 26352

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