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 . In last few days volume based selling happened in the Gold. 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 Immediate support for Gold is 28605.Resistance for the Gold is 29977-29978-30058-30135-30318-30323-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is showing some Up momentum So buy above 29361.0 with stop at 28720.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29848.4 with a stop at 29349.3 Below 29222.6 go for sell and put stop at 29721.3
Intraday Resistance of GOLD are 29747.9 : 29924.6 : 29793.3 : 29829.3
Intraday Support of GOLD are 29322.1 : 29145.4 : 29277.8 : 29242.2
To Get Free Tips:
#Bullion Tips #Commodity Tips #Mcx Tips
0 comments :
Post a Comment