Gold is in perfect uptrend .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note 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 SHORT position.Positionally Support for the Gold is 30306-30098-30036-29990-29814-. Immediate resistance for Gold is 31186
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 30094 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 31484.1 with a stop at 30653 Below 30417.8 go for sell with a stop at 31248
Intraday Resistance of GOLD are 31185.6 : 31421.2 : 31812.3 : 31214.5 : 31251.2
Intraday Support of GOLD are 30714.4 : 30478.8 : 30087.7 : 30686.7 : 30650.2
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