Gold is bearish
for medium-long term .Currently Gold is in strong uptrend and the trend is
supported with good volume The open interest is not increasing with trend . In
last few days lot of positive accumulation happened in the Gold Cautious point
is 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
LONG position.Positionally Support for
the Gold is 28592-28530-.Resistance for the Gold is 29038-29611-29705-30181-
Short term and Intraday Level of
GOLD
Currently
Gold is in HOLD SHORT position Gold is in profit booking
mode so hold with stop at 28788 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28967.4 with a stop at 28681.7 Below 28625 go for sell and put stop at 28910.5
Intraday Resistance of GOLD are 28909.6 : 29003.9 : 29051.1 : 29086.6
Intraday Support of GOLD are 28682.4 : 28588.1 : 28542 : 28506.9
Intraday Trend- Buy is advised only above 28967.4 with a stop at 28681.7 Below 28625 go for sell and put stop at 28910.5
Intraday Resistance of GOLD are 28909.6 : 29003.9 : 29051.1 : 29086.6
Intraday Support of GOLD are 28682.4 : 28588.1 : 28542 : 28506.9
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