Gold news

Trend updated for-Apr/04/2013.CMP-28826 Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum 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 SELL signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 28675.Resistance for the Gold is 29556-29595-29630-29925-30189-30432-

Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 29402.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal
 

Intraday Trend- Buy is advised above 29087.6 with a stop at 28666.8 Below 28565.2 go for sell
Intraday Resistance of GOLD are 29029.5/29198.5/29267.2/29352.8
Intraday Support of GOLD are 28622.5/28453.5/28586.8/28502.4