Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 27963.Resistance for the Gold is 28608-28819-29282-29765-29778-30305-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 28540.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28753.6 with a stop at 28222.3 Below 28083.5 go for sell and put stop at 28614.2
Intraday Resistance of GOLD are 28472.7 : 28518.1 : 28671.4 : 28706.7
Intraday Support of GOLD are 28363.3 : 28317.9 : 28165.7 : 28130.8
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GOLD (5 FEB.) TREND: CONSOLIDATE
ReplyDeleteRES 1: 28600
RES 2: 28800
SUPP 1: 28250
SUPP 2: 28100
STRATEGY: SELL ON HIGH best option tips provider