Thursday 19 December 2013

GOLD TREND FOR TODAY- 20-Dec-2013

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 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 28222.Resistance for the Gold is 29162-29536-29824-29924-29971-30384-

Short term and Intraday Level of GOLD

Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 28898.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 28710.8 with a stop at 28159.8 Below 28014.3 go for sell
Intraday Resistance of GOLD are 28608.1 : 28812.4 : 28615.2 : 28650.4
Intraday Support of GOLD are 28115.9 : 27911.6 : 28109.9 : 28075.1

 

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1 comments :

  1. Today's Tips For Gold
    SELL GOLD (FEB) BELOW 28480 TG-28450/28410/28360 SL-28520 (CMP-28497)

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