Monday 26 August 2013

GOLD TREND FOR TODAY- 26-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 The current position is BUY .Positionally Support for the Gold is 30666-29760-29047-27674-27529-27268-. Immediate resistance for Gold is 32078
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 31253 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 32363.9 with a stop at 31421.4 Below 31150.2 go for sell with stop at 32091.7
Intraday Resistance of GOLD are 31870.9 : 31966.2 : 32023.9 : 32061.1
Intraday Support of GOLD are 31641.1 : 31545.8 : 31489.3 : 31452.4

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