Gold is in long- term bull phase .Currently Gold is in strong downtrend with good momentum 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 in HOLD SHORT position.Positionally Support for the Gold is 29345-28715-.Resistance for the Gold is 30105-30107-30565-30741-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 30096.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29817.5 with a stop at 29291.3 Below 29155.6 go for sell and put stop at 29681.2
Intraday Resistance of GOLD are 29689 : 29857.5 : 29744.1 : 29780
Intraday Support of GOLD are 29283 : 29114.5 : 29229 : 29193.4
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