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 SELL signal For short
term Gold is in HOLD LONG position.Positionally
Support for the Gold is 27540-27470-27250-26773-26653-.Resistance for the Gold
is 28211-
Short
term and Intraday Level of GOLD
Currently
Gold is in HOLD LONG position Gold is in profit booking mode so either
sell of or keep stop at27663 so better sell and enter at lower level The
oscillator is showing SELL signal
Intraday Trend- Buy is advised above 28082.1 with a stop at 27580.7 Below 27450.9 go for sell
Intraday Resistance of GOLD are 28026.1 : 28241.9 : 28016.5 : 28051.3
Intraday Support of GOLD are 27505.9 : 27290.1 : 27516.6 : 27482.1
Intraday Trend- Buy is advised above 28082.1 with a stop at 27580.7 Below 27450.9 go for sell
Intraday Resistance of GOLD are 28026.1 : 28241.9 : 28016.5 : 28051.3
Intraday Support of GOLD are 27505.9 : 27290.1 : 27516.6 : 27482.1
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