Monday 19 August 2013

GOLD TREND FOR TODAY- 20-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 . 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 28999-28672-28227-27203-27193-27037-. Immediate resistance for Gold is 31403
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 30217 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 31559.9 with a stop at 30937 Below 30771.4 go for sell with a stop at 31393.6
Intraday Resistance of GOLD are 31496.9 : 31772.5 : 31430.4 : 31467.3
Intraday Support of GOLD are 30833.1 : 30557.5 : 30900.8 : 30864.2

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