MCX Gold Updates,Intraday Tips for Gold 10 March 2012

Overall trend of the Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position

Gold Support and Resistance :- Support for the Gold is 27783.Resistance for the Gold is 28114-28153-28243-28344-28383

Gold Intraday Trend :- Buy is advised above 28216.1 with a stop at 27856.8 Below 27774.5 go for sell