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Thursday, 28 February 2013









GOLD TREND & INTRADAY LEVELS

Overall trend of the Gold is bearish for medium-long term .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 SELL position.Positionally Immediate support for Gold is 29146.Resistance for the Gold is 29948-30165-30311-30588-30788-31018-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29608 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 30005.6 with a stop at 29582.4 Below 29481.3 go for sell with stop at 29904
Intraday Resistance of GOLD are 29914.7/30057.3/30176.1/30263
Intraday Support of GOLD are 29571.3/29428.7/29485.2/29399.4




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