GOLD TREND FOR TODAY- 28-Jun-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. 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 25164.Resistance for the Gold is 27044-27055-27288-27361-27410-27881-

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 The Gold is in downtrend For short term buy only if close above 26530.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Sell if open below 25046.5 with stop loss at 25704.6 or sell below 24768.9 Buy only above 25983.4
Intraday Resistance of GOLD are 25653.3 : 25931.5 : 26393.4 : 25614.5 : 25647.8
Intraday Support of GOLD are 25096.7 : 24818.5 : 24356.6 : 25136.6 : 25103.7

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