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Monday, 29 October 2012

Gold, Silver Trend for 30-Oct- 2012

Gold trend for today- 30-Oct-2012

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 .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal.


Intraday Trend- Buy is advised above 31264.4 with a stop at 30977.9 Below 30924 go for sell with a stop at 31210.3
Intraday Resistance of GOLD are 31163.6/31221.3/31437.9/31526.7

Intraday Support of GOLD are 31024.4/30966.7/30732.7/30645.1

Silver trend for today- 30-Oct-2012

.Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.

Intraday Trend- Buy is advised above 60125.9 with a stop at 58966.9 Below 58660.6 go for sell

ntraday Resistance of SILVER are 59645.4/59855.7/59975.1/60097.6

Intraday Support of SILVER are 59138.6/58928.3/58999.5/58878.2


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