GOLD TREND FOR TODAY- 11-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 .Positionally Support for the Gold is 27531-27265-26964-26651-26615-.Resistance for the Gold is 28292-

Short term and Intraday Level of GOLD

Currently Gold is in BUY position Gold is in profit booking mode so hold with stop at 27513 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised only above 28319.5 with a stop at 27829.2 Below 27703.5 go for sell and put stop at 28193.3
Intraday Resistance of GOLD are 28259.6 : 28465.9 : 28262.6 : 28297.6
Intraday Support of GOLD are 27762.4 : 27556.1 : 27760.5 : 27725.9

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