GOLD TREND FOR TODAY- 12-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 .Positionally Support for the Gold is 27510-27338-27059-26687-26609-.Resistance for the Gold is 28265-

Short term and Intraday Level of GOLD

Currently Gold is in BUY position Gold is moving sideways so short term investor better to buy only above 28288.0 with stop at 27420.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 28284.4 with a stop at 27668.6 Below 27501 go for sell
Intraday Resistance of GOLD are 28227.9 : 28506.7 : 28143.1 : 28178
Intraday Support of GOLD are 27556.1 : 27277.3 : 27642 : 27607.5

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