Wednesday 23 October 2013

GOLD TREND FOR TODAY- 24-Oct-2013

Gold is in long- short-medium- short- term bull phase .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal but has moved past its recent high and the positive trend is still continuing. 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 29809-29566-29297-29174-28901-.Resistance for the Gold is 30846-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29766 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 30349.5 with a stop at 30051.8 Below 29993 go for sell with a stop at 30290.4
Intraday Resistance of GOLD are 30288.9 : 30386.8 : 30432.1 : 30468.4
Intraday Support of GOLD are 30053.1 : 29955.2 : 29911 : 29875.1

 

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