GOLD TREND FOR TODAY- 27-July-2013

Gold is in perfect uptrend .Currently Gold is in strong 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 showing BUY signal For short term The current position is BUY .Positionally Support for the Gold is 26898-26786-26734-26680-26382-. Immediate resistance for Gold is 27827

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in profit booking mode so either sell of or keep stop at27137 so better sell and enter at lower level The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 27657.4 with a stop at 27251.8 Below 27153.4 go for sell
Intraday Resistance of GOLD are 27602.2 : 27765.9 : 27653.9 : 27688.5
Intraday Support of GOLD are 27207.8 : 27044.1 : 27157.2 : 27123

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