Monday 29 July 2013

GOLD TREND FOR TODAY- 30-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 27206-26942-26871-26824-26712-26567-. Immediate resistance for Gold is 28558
Short term and Intraday Level of GOLD
Currently Gold is in BUY position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 28834.8 with stop at 27012.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 28834.8 with a stop at 27970.8 Below 27721.2 go for sell and put stop at 28584.2
Intraday Resistance of GOLD are 28527.1 : 28777.3 : 29192.5 : 28529.8 : 28564.9
Intraday Support of GOLD are 28026.9 : 27776.7 : 27361.5 : 28025.3 : 27990.5

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