Gold, Silver Trend for 31-Oct- 2012

Gold trend for today- 31-Oct-2012

Currently Gold is in strong downtrend 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 For short term Gold is in HOLD SHORTposition

Intraday Trend- Buy is advised above 31285.2 with a stop at 30960.1 Below 30893.3 go for sell with a stop at 31218.2

Intraday Resistance of GOLD are 31191.6/31276.7/31424.2/31512.9

Intraday Support of GOLD are 30986.4/30901.3/30719.1/30631.6


Silver trend for today- 31-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.

Intraday Trend- Buy is advised above 60131.9 with a stop at 58972.9 Below 58666.5 go for sell

Intraday Resistance of SILVER are 59696.4/59944.1/59986.5/60109

Intraday Support of SILVER are 59099.6/58851.9/59010.8/58889.4

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