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 30792.Resistance for the Gold is 31383-31484-31539-31615-31771-31782-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 31491 or hold with stop at 30916.0 The next resistance will be at 31465.0 The Gold is now trading is approaching oversold level. The Gold is now trading is approaching oversold level. The oscillator is on BUY Signal and Gold is recovering from oversold levelIntraday Trend- Buy is advised only above 31491 with a stop at 31061.2 Below 30959.9 go for sell and put stop at 31389.2
Intraday Resistance of GOLD are 31428.1/31596.7/31495.6/31584.4
Intraday Support of GOLD are 31021.9/30853.3/30789.7/30702.1
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