commodity trend-16feb
Trend updated for-Feb/16/2013.CMP-30160 Overall trend of the Gold is bearish for medium-long term .
Currently Gold is in strong uptrend with good momentum but volume is unsatisfactory
The open interest is not increasing with trend .
Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level.
The Gold is now trading in overbought level.
The oscillator is showing BUY signal For short term Gold is in HOLD SHORT
position and Gold closed below 1
week low with volume signals down breakout.Positionally Immediate support for
Gold is 29886.Resistance for the Gold is 30553-30600-30733-30781-31074-31139-
Trend updated for-Feb/16/2013.CMP-30160 Overall trend of the Gold is bearish for medium-long term .
Currently Gold is in strong uptrend with good momentum but volume is unsatisfactory
The open interest is not increasing with trend .
Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level.
The Gold is now trading in overbought level.
The oscillator is showing BUY signal For short term Gold is in HOLD SHORT
position and Gold closed below 1
week low with volume signals down breakout.Positionally Immediate support for
Gold is 29886.Resistance for the Gold is 30553-30600-30733-30781-31074-31139-
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