Gold is in long- short-medium- short- term bull phase .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 29860-29589-29343-29321-28938-.Resistance for the Gold is 30841-
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 29936 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 30907.6 with a stop at 30359.2 Below 30217.6 go for sell with a stop at 30765.3
Intraday Resistance of GOLD are 30845.9 : 31081.5 : 30824.8 : 30861.3
Intraday Support of GOLD are 30278.1 : 30042.5 : 30300.3 : 30264.1
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