GOLD TREND FOR TODAY- 31-Oct-2013

Gold is in long- short-medium- short- term bull phase .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 The current position is BUY .Positionally Support for the Gold is 30021-30019-29655-29565-29090-.Resistance for the Gold is 30752-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways and sellers was at high so for short term better buy above 30792.7 or hold with stop at 29925.0 The next resistance will be at 31164.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30792.7 with a stop at 29811.6 Below 29525.6 go for sell and put stop at 30505.5
Intraday Resistance of GOLD are 30418.6 : 30634.9 : 30419.1 : 30455.3
Intraday Support of GOLD are 29897.4 : 29681.1 : 29898.1 : 29862.1

 

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