Gold news

Trend updated for-Apr/06/2013.CMP-29710 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 and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 29382-29342-29258-.Resistance for the Gold is 29882-30149-30395-

Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 30166.3 or hold with stop at 28720.0 The next resistance will be at 29730.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 30166.3 with a stop at 29452.9 Below 29255.3 go for sell and put stop at 29967.8
Intraday Resistance of GOLD are 29958.4/30164.5/29918.9/30005.5
Intraday Support of GOLD are 29461.6/29255.5/29231.1/29145.6