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 .Positionally
Support for the Gold is 27011-26730-26672-26588-.Resistance for the Gold is
27795-28350-
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 27331 The Gold is now trading is approaching overbought
level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 27960.4 with a stop at 27291 Below 27105.1 go for sell with stop at 27773.7
Intraday Resistance of GOLD are 27904.6 : 28213.8 : 27781.5 : 27816.1
Intraday Support of GOLD are 27159.4 : 26850.2 : 27283.7 : 27249.3
Intraday Trend- Buy is advised above 27960.4 with a stop at 27291 Below 27105.1 go for sell with stop at 27773.7
Intraday Resistance of GOLD are 27904.6 : 28213.8 : 27781.5 : 27816.1
Intraday Support of GOLD are 27159.4 : 26850.2 : 27283.7 : 27249.3
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