Gold is in perfect uptrend .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 31562-31422-31227-31163-31119-30894-. Immediate resistance for Gold is 32065
Intraday Trend- Buy is advised above 32006.8 with a stop at 31684.5 Below 31619.7 go for sell with a stop at 31941.7
Intraday Resistance of GOLD are 31887/31948.5/32143.6/32233.3
Intraday Support of GOLD are 31739/31677.5/31430.4/31341.8
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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 31671 The Gold is now trading is approaching overbought level. The Gold is now trading is approaching overbought level. The oscillator is showing BUY signalIntraday Trend- Buy is advised above 32006.8 with a stop at 31684.5 Below 31619.7 go for sell with a stop at 31941.7
Intraday Resistance of GOLD are 31887/31948.5/32143.6/32233.3
Intraday Support of GOLD are 31739/31677.5/31430.4/31341.8
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