Friday, 28 June 2013

GOLD TREND FOR TODAY- 29-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.Positionally Immediate support for Gold is 24731.Resistance for the Gold is 26827-27018-27207-27236-27347-27840-
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 26156.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 26114.9 with a stop at 25314.9 Below 25083 go for sell and put stop at 25882
Intraday Resistance of GOLD are 25830.4 : 26062.8 : 26448.5 : 25838.6 : 25872
Intraday Support of GOLD are 25365.6 : 25133.2 : 24747.5 : 25358.6 : 25325.5

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