GOLD TREND & INTRADAY LEVELS 16 mar-13
Mar/16/2013.CMP-29359 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 BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 28995.Resistance for the Gold is 29541-29629-29774-30201-30460-30764-
Intraday Trend- Buy is advised only above 29552.3 with a stop at 29233.2 Below 29166.2 go for sell and put stop at 29485
Intraday Resistance of GOLD are 29439.5/29506.3/29707.7/29794
Intraday Support of GOLD are 29278.5/29211.7/29022.3/28937.2
Mar/16/2013.CMP-29359 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 BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 28995.Resistance for the Gold is 29541-29629-29774-30201-30460-30764-
Intraday Trend- Buy is advised only above 29552.3 with a stop at 29233.2 Below 29166.2 go for sell and put stop at 29485
Intraday Resistance of GOLD are 29439.5/29506.3/29707.7/29794
Intraday Support of GOLD are 29278.5/29211.7/29022.3/28937.2
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