Gold is in long- medium- term bull phase .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 SELL signal For short term Gold is in HOLD LONG position and Gold closed below 1 week low with volume signals down breakout.Positionally Support for the Gold is 31323-31230-31056-.Resistance for the Gold is 31708-31988-32098-
Intraday Trend- Buy is advised above 31857.8 with a stop at 31408.4 Below 31301.1 go for sell
Intraday Resistance of GOLD are 31780.5/31947.8/32012.5/32102
Intraday Support of GOLD are 31377.5/31210.2/31300.8/31212.4.
Short term and Intraday Level of GOLD
Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below31301.1 Buy if above 32464.0 The oscillator is showing SELL signalIntraday Trend- Buy is advised above 31857.8 with a stop at 31408.4 Below 31301.1 go for sell
Intraday Resistance of GOLD are 31780.5/31947.8/32012.5/32102
Intraday Support of GOLD are 31377.5/31210.2/31300.8/31212.4.
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