Monday 7 January 2013

Gold trend for today- 08-Jan-2013


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Gold trend for today- 08-Jan-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above31316 or buy with strict stop at 30249. 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 30726-30698-.Resistance for the Gold is 31114-31358-31426-31441-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in down trend so buy above 30974.0 The sell will again come if below 30625.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 31161.5 with a stop at 30683.4 Below 30565.4 go for sell
Intraday Resistance of GOLD are 30985/31086.2/31271.3/31359.8
Intraday Support of GOLD are 30741/30639.8/30568/30480.6.

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