Gold news

Trend updated for-Apr/10/2013.CMP-29647 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend 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 BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29377-29353-29280-.Resistance for the Gold is 29815-30100-30343-

Currently Gold is in HOLD LONG position Gold is in profit booking mode so hold with stop at 29545 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29869 with a stop at 29506.7 Below 29425.6 go for sell and put stop at 29787.7
Intraday Resistance of GOLD are 29809.4/29944.2/29945.8/30032.4
Intraday Support of GOLD are 29484.6/29349.8/29257.6/29172.1