Gold is bearish for medium-long term .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 SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 30821.Resistance for the Gold is 31357-31488-31558-31774-31827-31843-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 31265.0 The Gold is now trading in highly oversold level. The Gold is now trading in highly oversold level. The oscillator is showing BUY signalIntraday Trend- Buy is advised above 31310.4 with a stop at 30751.4 Below 30606.7 go for sell
Intraday Resistance of GOLD are 31162.5/31332.2/31427.6/31516.3
Intraday Support of GOLD are 30753.5/30583.8/30722.4/30634.9.
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