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 27690-27427-27426-26902-26737-.Resistance for the Gold
is 28164-
Short
term and Intraday Level of GOLD
Currently
Gold is in HOLD
SHORT position
The Gold is in downtrend For short term buy only if close above 27976.0 The
oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 27982.5 with a stop at 27799.5 Below 27775.7 go for sell and put stop at 27958.6
Intraday Resistance of GOLD are 27920.6 : 27955.2 : 28130 : 28164.9
Intraday Support of GOLD are 27837.4 : 27802.8 : 27629.1 : 27594.5
Intraday Trend- Buy is advised only above 27982.5 with a stop at 27799.5 Below 27775.7 go for sell and put stop at 27958.6
Intraday Resistance of GOLD are 27920.6 : 27955.2 : 28130 : 28164.9
Intraday Support of GOLD are 27837.4 : 27802.8 : 27629.1 : 27594.5
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