GOLD TREND FOR TODAY- 26-Jun-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. 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 SELL position.Positionally Immediate support for Gold is 26406.Resistance for the Gold is 27100-27386-27471-27474-27634-27959-

Short term and Intraday Level of GOLD

Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 26939.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 27043.0 but caution- close Below low5 fresh selling can occur The Gold is now trading in highly oversold level. The oscillator is on BUY Signal and Crudeoil is recovering from oversold level
Intraday Trend- Buy is advised above 26756.4 with a stop at 26434 Below 26362.2 go for sell
Intraday Resistance of GOLD are 26703 : 26822.5 : 26804 : 26838.1
Intraday Support of GOLD are 26415 : 26295.5 : 26315.1 : 26281.4

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