Tuesday 21 January 2014

GOLD TREND FOR TODAY- 22-Jan-2014

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 . 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 28969-28897-28701-.Resistance for the Gold is 29475-29602-29813-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29101 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 29391.8 with a stop at 29136.5 Below 29090.6 go for sell with a stop at 29345.7
Intraday Resistance of GOLD are 29333.2 : 29409.6 : 29498.1 : 29533.8
Intraday Support of GOLD are 29148.8 : 29072.4 : 28985.1 : 28949.7

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