Friday 6 September 2013

GOLD TREND FOR TODAY- 06-Sep-2013

Gold is in long- medium- short-medium- term bull phase .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 SELL signal For short term Gold is in HOLD LONG position and Gold closed below 1 week low with volume signals down breakout.Positionally Support for the Gold is 31043-29109-28308-27882-.Resistance for the Gold is 32667-33231-
Short term and Intraday Level of GOLD
Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 34549.0 or hold with stop at 32026.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 32729.7 with a stop at 31930.8 Below 31708.1 go for sell
Intraday Resistance of GOLD are 32664.4 : 33034.9 : 32487.8 : 32525.3
Intraday Support of GOLD are 31771.6 : 31401.1 : 31949.3 : 31912.2

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