Gold trend for today- 09-Nov-2012
The Gold is in perfect uptrend .Currently Gold is in 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.
For short term Gold is in HOLD LONG position.
Positionally Support for the Gold is 31160-31021. Immediate resistance for Gold is 31570.
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 31026.
Intraday Trend- Buy is advised above 31636.1 with a stop at 31161.1 Below 31044.8 go for sell with a stop at 31519.4.
Intraday Resistance - 31435.5/31514.8
Intraday Trend- Buy is advised above 31636.1 with a stop at 31161.1 Below 31044.8 go for sell with a stop at 31519.4.
Intraday Resistance - 31435.5/31514.8
Intraday Support - 31244.5/31165.2
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