8/12/2011 02:20:00 PM
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Free Intraday Commodity Tips Trend Range Levels (Gold) 12 August:
GOLD – Gold is currently trading in strong uptrend. But this perfect uptrend is not supporting good volume. And it is adviced to BUY Gold as it is trading in highly overbought level. It has immediate Resistance near 24513 points and Support levels are near 24020 points and below this 23857 , then 23496 then 22838 then 22652 then 22475.
CMP- 25673
TREND- Uptrend
Trading in overbought level
Current Position- Buy
Support-Resistance Levels-
Support1- 24513 Support2- 24020 Support3- 23605
Support4- 22904 Support5- 22701 Support6- 22517
Resistance- 22517
Gold- Intraday Tips & Trend-
Buy Above - 26173.9 with a Stop Loss at - 25397.8
Sell Below - 25173.9 with a Stop Loss at- 25949.1
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