Gold Outlook for Today,MCX Gold Trend for - 05-Feb-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 on BUY Signal and Gold is recovering from oversold level For short term Gold is in SELL position.Positionally Support for the Gold is 30119-.Resistance for the Gold is 30513-30698-30920-31203- Short term and Intraday Level of GOLD Currently Gold is in SELL position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 30606.3 with stop at 29794.0 The oscillator is showing BUY signal Intraday Trend- Buy is advised only above 30606.3 with a stop at 30106.5 Below 29980.7 go for sell and put stop at 30480 Intraday Resistance of GOLD are 30479.5/30634.3/30560.3/30647.8 Intraday Support of GOLD are 30106.5/29951.7/29865/29778.7 To Get Free  Tips: FreeStock Tips Forex Tips Free Commodity Tips  Or Reach us- 8878998885, 0731-6461777.