Tuesday, June 7, 2011

Commodity tips today : Tuesday 7 June 2011

MCX GOLD TREND :- (Click for FREE gold tips on mobile)

The Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume 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 oscillator is showing SELL signal For short term Gold is in HOLD LONG position and closed above 1 month high with volume signals up breakout.

Gold Support and resistance :-

Support for the Gold is 22396-22335-22153-21965-21562-21320

Immediate resistance for Gold is 22877

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