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Tuesday, 6 November 2012

Gold, Silver Trend for 07-Nov- 2012

Gold trend for today- 07-Nov-2012

Gold is in long- short-medium- short- term bull phase .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. 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 SELL position.Positionally Support for the Gold is 30988-30953-30841-30814-30598-.Resistance for the Gold is 31436-

Short term and Intraday Level of GOLD

Intraday Trend- Buy is advised only above 31655.3 with a stop at 31051.2 Below 30892 go for sell and put stop at 31495.4

Intraday Resistance of GOLD are 31556.6/31791.9/31519.1/31607.9

Intraday Support of GOLD are 30989.4/30754.1/30812.9/30725.2

Silver trend for today- 07-Nov-2012

Silver is in long- short- term bull phase .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 oscillator is on BUY Signal and Silver is recovering from oversold level For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 58999-58908-58036-.Resistance for the Silver is 60155-60232-61823-

Short term and Intraday Level of SILVER

Intraday Trend- Buy is advised only above 61113.6 with a stop at 59250.5 Below 58710.7 go for sell and put stop at 60571.7

Intraday Resistance of SILVER are 60450.8/60991.6/61889.4/60004.9/60127.5

Intraday Support of SILVER are 59369.2/58828.4/57930.6/59029.1/58907.7

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