Monday 13 January 2014

GOLD TREND FOR TODAY- 13-Jan-2014

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above29393 or buy with strict stop at 27963. 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 The current position is BUY .Positionally Support for the Gold is 28717-28668-28574-.Resistance for the Gold is 29577-29676-30104-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is showing some Up momentum So buy above 28953.0 with stop at 28671.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 29234 with a stop at 28903.8 Below 28832.6 go for sell and put stop at 29162.5
Intraday Resistance of GOLD are 29175.6 : 29294 : 29289.1 : 29324.8
Intraday Support of GOLD are 28890.4 : 28772 : 28778 : 28742.7

 

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