Gold is in long- short- term bull phase .Currently Gold is in strong 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 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 29365-29032-28813-.Resistance for the Gold is 29791-29870-30894-
Short term and Intraday Level of GOLD
Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28593 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 30117.4 with a stop at 29219.8 Below 28960.6 go for sell with a stop at 29857.3
Intraday Resistance of GOLD are 29797.7 : 30057.3 : 30488.4 : 29796.4 : 29832.3
Intraday Support of GOLD are 29278.3 : 29018.7 : 28587.6 : 29280.8 : 29245.2
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