Wednesday, 12 June 2013

GOLD TREND FOR TODAY- 13-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 Gold is in HOLD LONG position.Positionally Support for the Gold is 27491-27445-27162-26730-26610-.Resistance for the Gold is 28239-
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 27622 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 28227.5 with a stop at 27786.7 Below 27677.4 go for sell with a stop at 28117.7
Intraday Resistance of GOLD are 28171.1 : 28353 : 28203.3 : 28238.3
Intraday Support of GOLD are 27732.9 : 27551 : 27701.8 : 27667.2

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