Friday 14 June 2013

GOLD TREND FOR TODAY- 15-Jun-2013

22:36   , , , , , ,   2 comments

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 27603-27449-27343-26832-26693-.Resistance for the Gold is 28187-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 28020.2 with stop at 27565.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28020.2 with a stop at 27678.9 Below 27602.4 go for sell and put stop at 27943.4
Intraday Resistance of GOLD are 27964.3 : 28091.5 : 28061.7 : 28096.6
Intraday Support of GOLD are 27657.7 : 27530.5 : 27561.4 : 27526.9

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