Trend updated
for-Mar/25/2013.CMP-29676 Overall trend of the Gold is bearish for
medium-long term .Currently Gold is in strong uptrend with good
momentum and the trend is supported with good volume The open
interest is not increasing with trend . In last few days lot of
positive accumulation happened in the Gold 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 BUY signal For short term The current position
is BUY .Positionally Support for the Gold is
29460-29448-29391-.Resistance for the Gold is 30074-30360-30633-
Currently Gold is in HOLD LONG position Gold
is moving sideways so short term investor better to buy only above
29889.0 with stop at 29440.0 The Gold is now trading is approaching
overbought level. The oscillator is on SELL signal and Gold is coming
down from overbought level
Intraday Trend- Buy is advised
above 29960.2 with a stop at 29504.7 Below 29392.7 go for
sell
Intraday Resistance of GOLD are 29761.3/29832.1/30057.1/30143.8
Intraday Support of GOLD are 29590.7/29519.9/29367.6/29282
Intraday Resistance of GOLD are 29761.3/29832.1/30057.1/30143.8
Intraday Support of GOLD are 29590.7/29519.9/29367.6/29282
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