GOLD TREND FOR TODAY- 07-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 . In last few days lot of positive accumulation happened in the Gold 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 27597-26903-26714-26634-26571-.Resistance for the Gold is 28383-

Short term and Intraday Level of GOLD

Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 27158 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 28265.4 with a stop at 27697.5 Below 27545.8 go for sell with a stop at 28113.1
Intraday Resistance of GOLD are 28209 : 28461.3 : 28156.1 : 28191
Intraday Support of GOLD are 27601 : 27348.7 : 27655 : 27620.4

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