Monday, 1 April 2013

Gold news and trend

Trend updated for-Apr/01/2013.CMP-29394 Overall trend of the Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Gold above 30009 or buy with strict stop at 29137. 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 Immediate support for Gold is 29137.Resistance for the Gold is 29661-29682-29749-29973-30262-30490-
Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 29574.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 29638.2 with a stop at 29242.9 Below 29150.6 go for sell

Intraday Resistance of GOLD are 29512.6/29611/29716.4/29802.7
Intraday Support of GOLD are 29275.4/29177/29030.9/28945.8

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