Gold is bearish for medium-long term .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 on SELL signal and Gold is coming down from overbought level For short term Gold is in HOLD LONGposition.Positionally Immediate support for Gold is 30916.Resistance for the Gold is 31320-31482-31572-31713-31945-32036-
Intraday Trend- Buy is advised above 31433.6 with a stop at 30866.7 Below 30719.6 go for sell
Intraday Resistance of GOLD are 31367/31608.6/31583.8/31672.7
Intraday Support of GOLD are 30785/30543.4/30876.9/30789.1
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 31907.0 The oscillator is showing SELL signalIntraday Trend- Buy is advised above 31433.6 with a stop at 30866.7 Below 30719.6 go for sell
Intraday Resistance of GOLD are 31367/31608.6/31583.8/31672.7
Intraday Support of GOLD are 30785/30543.4/30876.9/30789.1
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