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Wednesday, 7 November 2012

Gold, Silver Trend for 08-Nov- 2012

Gold trend for today- 08-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 .. 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 SHORT position. Positionally Support for the Gold is 31004-30948-30836-30832-30617-.Resistance for the Gold is 31422-

Short term and Intraday Level of GOLD

Intraday Trend- Buy is advised above 31587.5 with a stop at 30984.7 Below 30825.8 go for sell with stop at 31427.9

Intraday Resistance of GOLD are 31438/31630.5/31578.4/31667.3

Intraday Support of GOLD are 30974/30781.5/30871.6/30783.8

Silver trend for today- 08-Nov-2012

Silver is in long- short- term bull phase .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 58959-58870-58101-.Resistance for the Silver is 60057-60309-61730-

Short term and Intraday Level of SILVER

Intraday Trend- Buy is advised above 60395.2 with a stop at 58623.2 Below 58112.9 go for sell

Intraday Resistance of SILVER are 59763.3/60274.6/61123.4/59776.7/59899

Intraday Support of SILVER are 58740.7/58229.4/57380.6/58802.7/58681.5

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