Friday, 19 May 2017

GOLD TREND & INTRADAY LEVELS



Trend updated for-May/19/2017.CMP-28705 The Gold is in long- medium- short-medium- short- term bull phase .Currently Gold is moving sideways The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . 

The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position and closed above 1 week high with volume signals up breakout. Positionally Support for the Gold is 28570-28529-28526-28167-28042-.Resistance for the Gold is 28945-


Short term and Intraday Level of GOLD


Gold closed above 1 week high with volume signals up breakout Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28246 The oscillator is showing BUY signal 

Intraday Trend- Buy is advised above 29002.8 with a stop at 28527.8 Below 28408.1 go for sell with a stop at 28882.6

Intraday Resistance of GOLD are 28945 : 29144.1 : 28959.7 : 28995.1
Intraday Support of GOLD are 28465 : 28265.9 : 28451.4 : 28416.4








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