Monday 7 October 2013

GOLD TREND FOR TODAY- 07-Oct-2013




Gold is in
long- term bull phase .Currently Gold is in downtrend and the trend is
supported with good volume 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 BUY signal For short term Gold is
in
 HOLD LONG position.Positionally Support for
the Gold is 29296-28700-.Resistance for the Gold is 30147-30150-30721-30764-

Short term and Intraday Level of
GOLD

Currently
Gold is in
 HOLD SHORT position The Gold is in downtrend
For short term buy only if close above 30380.0 The oscillator is showing SELL
signal

Intraday Trend- Buy is advised above 30333 with a stop at 29360.9 Below
29077.2 go for sell

Intraday Resistance of GOLD are 29988.3 : 30272.5 : 30744.4 : 29963.1 : 29999.1

Intraday Support of GOLD are 29419.7 : 29135.5 : 28663.6 : 29446 : 29410.4


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