GOLD TREND FOR TODAY- 27-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 and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Gold is 25655.Resistance for the Gold is 27079-27307-27342-27460-27537-27923-

Short term and Intraday Level of GOLD

Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below25640.5 Buy if above 27043.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26633.3 with a stop at 25862.1 Below 25640.5 go for sell
Intraday Resistance of GOLD are 26351.4 : 26566.8 : 26924.4 : 26379.1 : 26412.9
Intraday Support of GOLD are 25920.6 : 25705.2 : 25347.6 : 25894.1 : 25860.6

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