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 29923-29963-30017-30112-30276-30330-
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 only above 29639.0 with stop at 28720.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29721.2 with a stop at 29300.4 Below 29199.7 go for sell
Intraday Resistance of GOLD are 29661.8 : 29829.4 : 29718 : 29753.9
Intraday Support of GOLD are 29258.2 : 29090.6 : 29203.1 : 29167.6
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