Tuesday 31 December 2013

GOLD TREND FOR TODAY- 01-Jan-2014

Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 27963.Resistance for the Gold is 28634-28894-29351-29795-29800-30333-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 28757.7 with stop at 28075.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28757.7 with a stop at 28226.3 Below 28087.5 go for sell and put stop at 28618.3
Intraday Resistance of GOLD are 28700.3 : 28931.2 : 28675.4 : 28710.7
Intraday Support of GOLD are 28143.7 : 27912.8 : 28169.7 : 28134.8

 

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