GOLD TREND FOR TODAY- 16-Aug-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 . In last few days lot of positive accumulation happened in the Gold 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 Gold is in HOLD LONG position.Positionally Support for the Gold is 28169-28120-27707-27005-26997-26893-. Immediate resistance for Gold is 29450

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28501 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29585.5 with a stop at 28957.8 Below 28787.9 go for sell with a stop at 29414.9
Intraday Resistance of GOLD are 29455 : 29678.3 : 29442.8 : 29478.5
Intraday Support of GOLD are 28917 : 28693.7 : 28930.3 : 28894.9

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