Gold is bearish for medium-long term .Currently Gold is in 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 on SELL signal and Gold is coming down from overbought
level For short term Gold is in SELL position.Positionally
Immediate support for Gold is 26599.Resistance for the Gold is
27104-27431-27499-27807-27822-28050-
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 27159.3 with stop at
26706.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 27159.3 with a stop at 26808.2 Below 26727.4 go for sell and put stop at 27078.1
Intraday Resistance of GOLD are 27105.1 : 27239.6 : 27189.8 : 27224.1
Intraday Support of GOLD are 26780.9 : 26646.4 : 26697.3 : 26663.4
Intraday Trend- Buy is advised only above 27159.3 with a stop at 26808.2 Below 26727.4 go for sell and put stop at 27078.1
Intraday Resistance of GOLD are 27105.1 : 27239.6 : 27189.8 : 27224.1
Intraday Support of GOLD are 26780.9 : 26646.4 : 26697.3 : 26663.4
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