Commodity Gold Trend, Commodity Gold Outloot For Today-08-12-2012

Gold trend for today- 08-Dec-2012

 Gold is in long- 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 in SELLposition.Positionally Support for the Gold is 31145-.Resistance for the Gold is 31480-31507-31530-31750-31769-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways and sellers was at high so for short term better buy above 31514.7 or hold with stop at 30916.0 The next resistance will be at 31465.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 31514.7 with a stop at 31125.8 Below 31038 go for sell and put stop at 31426.6
Intraday Resistance of GOLD are 31451.7/31597.6/31566.7/31655.6
Intraday Support of GOLD are 31100.3/30954.4/30860/30772.2

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