GOLD TREND & INTRADAY LEVELS
Mar/15/2013.CMP-29389 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory 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 HOLD SHORT position.Positionally Immediate support for Gold is 28995.Resistance for the Gold is 29572-29678-29818-30232-30485-30787-
Intraday Trend- Buy is advised above 29582.5 with a stop at 29263.1 Below 29196 go for sell
Intraday Resistance of GOLD are 29523.5/29635.1/29728.5/29814.8
Intraday Support of GOLD are 29254.5/29142.9/29042.8/28957.7
Mar/15/2013.CMP-29389 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory 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 HOLD SHORT position.Positionally Immediate support for Gold is 28995.Resistance for the Gold is 29572-29678-29818-30232-30485-30787-
Intraday Trend- Buy is advised above 29582.5 with a stop at 29263.1 Below 29196 go for sell
Intraday Resistance of GOLD are 29523.5/29635.1/29728.5/29814.8
Intraday Support of GOLD are 29254.5/29142.9/29042.8/28957.7
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