Gold is bearish for medium-long term .Currently Gold is in strong downtrend 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 SELL position.Positionally Immediate support for Gold is 28605.Resistance for the Gold is 29830-29946-29954-30084-30224-30338-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29204 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29474.1 with a stop at 29068.6 Below 28972.7 go for sell with stop at 29377.8
Intraday Resistance of GOLD are 29415.3 : 29574.9 : 29480 : 29515.7
Intraday Support of GOLD are 29030.7 : 28871.1 : 28967.1 : 28931.8
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