Monday 23 September 2013

GOLD TREND FOR TODAY- 24-Sep-2013

Gold is in long- term bull phase .Currently Gold is moving sideways The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal .In last 3 weeks Gold is trading in low volatality Buy the Gold above 32969 or buy with strict stop at 29160. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORTposition.Positionally Support for the Gold is 28853-28453-.Resistance for the Gold is 30146-30397-30690-31688-
Short term and Intraday Level of GOLD
Currently Gold is in BUY position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 30143.1 with stop at 29277.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30143.1 with a stop at 29710 Below 29605.8 go for sell and put stop at 30038.4
Intraday Resistance of GOLD are 30082.9 : 30256.3 : 30133.8 : 30169.9
Intraday Support of GOLD are 29665.1 : 29491.7 : 29615.3 : 29579.5

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