Trend updated for-Feb/10/2014.CMP-26944 The Gold is in long- term bull phase .Currently Gold is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. 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 Support for the Gold is 26761-26735-.Resistance for the Gold is 27215-27565-27619-27761-
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