Commodity Gold Trend, Commodity Gold Outloot For Today-06-12-2012

Gold trend for today- 06-Dec-2012

  Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum 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 in SELL position.Positionally Immediate support for Gold is 30821.Resistance for the Gold is 31370-31486-31548-31717-31771-31813-

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 31374.0 The Gold is now trading in highly oversold level. The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 31554.2 with a stop at 30990.8 Below 30845 go for sell
Intraday Resistance of GOLD are 31379.1/31528.7/31621.3/31710.3
Intraday Support of GOLD are 31018.9/30869.3/30914/30826.2

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