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Tuesday, 29 January 2013

GOLD TREND FOR TODAY- 30-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 30094.Resistance for the Gold is 30672-30760-30865-31026-31253-31254-

Short term and Intraday Level of GOLD

Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 30432.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 30420.3 with a stop at 30110.9 Below 30048.2 go for sell
Intraday Resistance of GOLD are 30324.8/30400.1/30625.7/30713.2
Intraday Support of GOLD are 30143.2/30067.9/29929.7/29843.2



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