Gold is in long- medium- term bull phase .Currently Gold is in strong downtrend and the trend is supported with good volume 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 SELL signal For short term Gold is inSELL position.Positionally Support for the Gold is 31266-31234-31172-31125-.Resistance for the Gold is 31694-31751-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 31733.3 with stop at 30916.0 The oscillator is showing BUY signalIntraday Trend- Buy is advised only above 31733.3 with a stop at 31341.7 Below 31253.4 go for sell and put stop at 31644.6
Intraday Resistance of GOLD are 31618.2/31722.2/31816.7/31906
Intraday Support of GOLD are 31367.8/31263.8/31107.3/31019.1
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