Gold news

Trend updated for-Apr/03/2013.CMP-29149 Overall trend of the Gold is bearish for medium-long term.Currently Gold is showing some down move and trend is strong but volume is unsatisfactory 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 Immediate support for Gold is 29004.Resistance for the Gold is 29628-29656-29666-29949-30217-30453-

Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 29505.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 29335.4 with a stop at 29026.9 Below 28963.1 go for sell

Intraday Resistance of GOLD are 29370.5/29554.4/29607.8/29693.9
Intraday Support of GOLD are 28927.5/28743.6/28923.5/28838.6