Thursday 19 September 2013

GOLD TREND FOR TODAY- 20-Sep-2013

Gold is in long- medium- term bull phase .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 30156-30055-28766-28384-.Resistance for the Gold is 31175-31819-
Short term and Intraday Level of GOLD
Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 30997.7 or hold with stop at 29277.0 The next resistance will be at 30694.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 30997.7 with a stop at 30287.4 Below 30091.9 go for sell and put stop at 30801.4
Intraday Resistance of GOLD are 30870.6 : 31141.6 : 30806.7 : 30843.2
Intraday Support of GOLD are 30217.4 : 29946.4 : 30282.4 : 30246.2

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