GOLD TREND FOR TODAY- 29-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 The current position is BUY .Positionally Support for the Gold is 31679-30790-29671-28119-27773-27452-. Immediate resistance for Gold is 35214

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In Gold is in up trend but last day trend was weak so adhere to stop at 32280 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Sell if open below 32818.5 with stop loss at 33993.6 Buy is advised only above 34515.3
Intraday Resistance of GOLD are 33925.7 : 34446.4 : 35310.8 : 33679.7 : 33717.9
Intraday Support of GOLD are 32884.3 : 32363.6 : 31499.2 : 33131.4 : 33093.6

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