Sunday 1 December 2013

GOLD TREND FOR TODAY- 02-Dec-2013

Gold is in long- medium- short-medium- short- 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 BUY signal .In last 1 month volatality is very less Buy the Gold above 30621 or buy with strict stop at 29497. 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 SHORT position.Positionally Support for the Gold is 30047-30005-29944-29939-29784-.Resistance for the Gold is 30606-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy if close above 30444.0 closing below 29615.0 Sell will happen. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 30470.2 with a stop at 30089 Below 30002.5 go for sell and put stop at 30383.3
Intraday Resistance of GOLD are 30409.4 : 30553.3 : 30497.4 : 30533.7
Intraday Support of GOLD are 30062.6 : 29918.7 : 29975.7 : 29939.7

 

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