Tuesday 12 November 2013

GOLD TREND FOR TODAY- 12-Nov-2013

Gold is in long- medium- short-medium- short- term bull phase .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory 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.Positionally Support for the Gold is 29969-29910-29776-29616-29449-.Resistance for the Gold is 30469-

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 29709 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 30644.4 with a stop at 29863 Below 29643.3 go for sell with a stop at 30423.9
Intraday Resistance of GOLD are 30570.8 : 30925.8 : 30404 : 30440.3
Intraday Support of GOLD are 29715.2 : 29360.2 : 29883.1 : 29847.2

 

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