Monday 28 January 2013

GOLD TREND FOR TODAY- 29-JAN-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 Immediate support for Gold is 30137.Resistance for the Gold is 30738-30807-30884-31053-31261-31265-

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 30847.0 with stop at 30258.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30524.9 with a stop at 30214.4 Below 30151.6 go for sell and put stop at 30461.8
Intraday Resistance of GOLD are 30419.6/30487.3/30697.1/30784.7
Intraday Support of GOLD are 30256.4/30188.7/30000.3/29913.7



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