GOLD:
Trend
updated for-May/10/2013.CMP-27166 Overall trend of the Gold is bearish for
medium-long term .Currently Gold is moving sideways The Gold is now trading in
overbought level. The Gold is now trading in overbought level. The oscillator
is showing BUY signal .In last 1 month volatility is very less and fresh Buy
can be considered in the Gold if it close above27557 or buy with strict stop at
25958. 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 LONG position.Positionally Support for the Gold is
26829-26773-26673-. Resistance for the Gold is 28248-28818-29280-
SILVER:
Trend
updated for-May/10/2013.CMP-45165 Overall trend of the Silver is bearish for
medium-long term .Currently Silver is moving sideways The oscillator is showing
BUY signal .In last 3 weeks Silver is trading in low volatility and fresh Buy
can be considered in the Silver if it close above46003 or buy with strict stop
at 42169. The oscillator is showing BUY signal For short term The current
position is BUY .Positionally Support for the Silver is
44805-44658-44429-. Resistance for the Silver is 49332-51271-53192-
TECHNICAL VIEW:
GOLD
(APR)
Trend
• Consolidate
Resistance
• R2 - 27780 ; R1 - 27350
support • S1 – 26650 ; S2 – 26180
support • S1 – 26650 ; S2 – 26180
SILVER
(MAY)
Trend • Bearish
Trend • Bearish
Strategy
• Sell on high
Resistance •
R2 - 46750 ; R1 - 45870
support • S1 - 43350 ; S2 – 42200
support • S1 - 43350 ; S2 – 42200
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