Gold:-
Gold prices rose
to a one-week high as the U.S. dollar pulled back from its strongest level in
more than a month, supporting demand for the yellow metal. Concern over U.S.
President Donald Trump's policies and elections in the Netherlands, France and
Germany this year have fuelled gold’s rise. 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 higher levels seems decreasing. The Gold is now trading in overbought level.
The oscillator is showing SELL signal for short term Gold is in hold short
position. Support for the Gold is 28850 immediate resistances for gold are
29500.
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