Wednesday 6 November 2013

GOLD TREND FOR TODAY- 07-Nov-2013

Gold is in long- short-medium- 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 SELL signal .In last 1 month volatality is very less Buy the Gold above 31289 or buy with strict stop at 29183. 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 HOLD SHORT position.Positionally Support for the Gold is 29578-29331-.Resistance for the Gold is 30182-30203-30357-30403-

Short term and Intraday Level of GOLD

Currently Gold is in SELL position Gold is in sideways and sellers was at high so for short term better buy above 30361.6 or hold with stop at 29550.0 The next resistance will be at 30097.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 30361.6 with a stop at 29842.2 Below 29709.5 go for sell and put stop at 30228.3
Intraday Resistance of GOLD are 30301 : 30521.8 : 30295.5 : 30331.7
Intraday Support of GOLD are 29769 : 29548.2 : 29775.6 : 29739.7

 

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