GOLD TREND FOR TODAY- 03-Jun-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 26484-26419-26261-.Resistance for the Gold is 27094-27927-28510-

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 26727 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 26929.9 with a stop at 26724.9 Below 26692.4 go for sell with stop at 26897.2
Intraday Resistance of GOLD are 26876.1 : 26930.2 : 27057.2 : 27091.4
Intraday Support of GOLD are 26745.9 : 26691.8 : 26566 : 26532.1

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