Gold is in long- medium- short-medium- short- term bull phase .Currently Gold is in strong uptrend with good momentum 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 Gold is in HOLD LONG position.Positionally Support for the Gold is 30008-29948-29900-29761-29680-.Resistance for the Gold is 30650-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in sideways so for short term better buy above 30609.1 with stop at 29954.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30609.1 with a stop at 30135.1 Below 30017.8 go for sell and put stop at 30491.4
Intraday Resistance of GOLD are 30548 : 30743.1 : 30574.7 : 30611.1
Intraday Support of GOLD are 30078 : 29882.9 : 30052.4 : 30016.4
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