GOLD TREND FOR TODAY- 06-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 The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Gold is 26754-26747-26524-26497-.Resistance for the Gold is 27838-28412-

Short term and Intraday Level of GOLD

Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 28210.8 with stop at 26776.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 28210.8 with a stop at 27393.8 Below 27159.1 go for sell and put stop at 27975.1
Intraday Resistance of GOLD are 27897.1 : 28110.2 : 28463.9 : 27934.1 : 27968.9
Intraday Support of GOLD are 27470.9 : 27257.8 : 26904.1 : 27435 : 27400.5

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