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 . In last few days volume based selling happened in
the Gold. 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 Immediate support for Gold is
24731.Resistance for the Gold is 26597-27000-27054-27189-27299-27799-
Short
term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position
The Gold is in downtrend For short term buy only if close above 25890.0 The
Gold is now trading is approaching oversold level. The oscillator is on BUY
Signal and Gold is recovering from oversold level
Intraday Trend- Buy is advised only above 25795.6 with a stop at 25580.2 Below 25542.7 go for sell and put stop at 25758
Intraday Resistance of GOLD are 25723.7 : 25769.1 : 25909.9 : 25943.4
Intraday Support of GOLD are 25614.3 : 25568.9 : 25429.2 : 25396.1
Intraday Trend- Buy is advised only above 25795.6 with a stop at 25580.2 Below 25542.7 go for sell and put stop at 25758
Intraday Resistance of GOLD are 25723.7 : 25769.1 : 25909.9 : 25943.4
Intraday Support of GOLD are 25614.3 : 25568.9 : 25429.2 : 25396.1
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