Tuesday, 9 April 2013

Gold news

Trend updated for-Apr/09/2013.CMP-29302 Overall trend of the Goldm is bearish for medium-long term .Currently Goldm is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Goldm is now trading in overbought level. The Goldm is now trading in overbought level. The oscillator is showing SELL signal For short term Goldm is in SELL position.Positionally Immediate support for Goldm is 28524.Resistance for the Goldm is 29431-29544-29566-29692-30011-30222-
Currently Goldm is in HOLD LONG position Goldm is moving sideways so short term investor better to buy only above 29568.0 with stop at 28639.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29523 with a stop at 29162.5 Below 29081.6 go for sell
Intraday Resistance of GOLDM are 29464.1/29598.6/29702.4/29788.6
Intraday Support of GOLDM are 29139.9/29005.4/29017/28931.9

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