GOLD TREND FOR TODAY- 20-Jun-2013

Gold is in perfect uptrend .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 27881-27763-27625-27353-27143-26862-. Immediate resistance for Gold is 28401

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 27814 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 28220.7 with a stop at 27878.4 Below 27801.9 go for sell with a stop at 28143.9
Intraday Resistance of GOLD are 28129.2 : 28227.2 : 28262.6 : 28297.6
Intraday Support of GOLD are 27892.8 : 27794.8 : 27760.5 : 27725.9

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