Gold news

Trend updated for-Apr/05/2013.CMP-29022 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 28605.Resistance for the Gold is 29490-29573-29607-29900-30165-30410-

Currently Gold is in HOLD SHORT position Gold is in sideways and sellers was at high so for short term better buy above 29287.5 or hold with stop at 28720.0 The next resistance will be at 29525.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29287.5 with a stop at 28860.6 Below 28757.3 go for sell and put stop at 29183.8
Intraday Resistance of GOLD are 29229.1/29400.9/29286.9/29372.6
Intraday Support of GOLD are 28814.9/28643.1/28606.4/28521.9