Gold trend for today- 07-Jan-2013
Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. 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 LONG position.Positionally Support for the Gold is 30709-30696-.Resistance for the Gold is 31130-31366-31436-31451-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 31191.0 with stop at 30625.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 31205.9 with a stop at 30727.1 Below 30609 go for sell and put stop at 31087.4
Intraday Resistance of GOLD are 30972.2/31026.3/31241.8/31330.3
Intraday Support of GOLD are 30841.8/30787.7/30626.3/30538.8/30451.5
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