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 Immediate support for Gold is
26543.Resistance for the Gold is 27110-27427-27467-27596-27698-27996-
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 27014.0 Selling
pressure seems to be deceasing so Short term investor with risk aptitude can
enter again if it close above 27043.0 but caution- close Below low5 fresh
selling can occur The Gold is now trading is approaching oversold level. The
oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26981.6 with a stop at 26570.4 Below 26469.2 go for sell
Intraday Resistance of GOLD are 26916.8 : 27076 : 26970.8 : 27004.9
Intraday Support of GOLD are 26533.2 : 26374 : 26480.3 : 26446.5
Intraday Trend- Buy is advised above 26981.6 with a stop at 26570.4 Below 26469.2 go for sell
Intraday Resistance of GOLD are 26916.8 : 27076 : 26970.8 : 27004.9
Intraday Support of GOLD are 26533.2 : 26374 : 26480.3 : 26446.5
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