GOLD TREND FOR TODAY- 22-Jun-2013

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

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