Friday 18 January 2013

GOLD TREND FOR TODAY- 19-JAN-2013 2


Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume 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 inHOLD SHORT position.Positionally Immediate support for Gold is 30408.Resistance for the Gold is 30933-30940-30967-31269-31306-31316-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy only above 30934.0 or hold with stop at 30530.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 30841.7 with a stop at 30439.9 Below 30347 go for sell
Intraday Resistance of GOLD are 30671.7/30736.1/30976.3/31064.4
Intraday Support of GOLD are 30516.3/30451.9/30276.3/30189.4

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