Gold news

Trend updated for-Apr/12/2013.CMP-28974 Overall trend of the Goldm is bearish for medium-long term .Currently Goldm is moving sideways The Goldm is now trading in overbought level. The Goldm is now trading in overbought level. The oscillator is showing BUY signal and has moved down its previous low with good volume points to a negative break out . The Goldm is now trading in overbought level. The Goldm is now trading in overbought level. The oscillator is showing BUY signal For short term Goldm is in SELL position and Goldm closed below 1 week low with volume signals down breakout.Positionally Immediate support for Goldm is 28755.Resistance for the Goldm is 29328-29425-29537-29613-29942-30160-

Goldm and closed below 1 week low with volume signals down breakoutCurrently Goldm is in HOLD SHORT position The Goldm is in downtrend For short term buy only if close above 29351.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29147.3 with a stop at 28858.6 Below 28801.1 go for sell
Intraday Resistance of GOLDM are 29089.2/29184.8/29316.1/29401.8
Intraday Support of GOLDM are 28858.8/28763.2/28635.2/28550.7