Sunday, 23 June 2013

GOLD TREND FOR TODAY- 24-Jun-2013

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 SELL position.Positionally Support for the Gold is 26901-.Resistance for the Gold is 27454-27464-27719-27778-28025-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 27348.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 27128.9 with a stop at 26938.6 Below 26911.3 go for sell and put stop at 27101.5
Intraday Resistance of GOLD are 27057.2 : 27088.1 : 27267.1 : 27301.5
Intraday Support of GOLD are 26982.8 : 26951.9 : 26774 : 26740

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