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GOLD:
Trend updated for-Jan/22/2013.CMP-30757 Overall trend of
the Gold is bearish for medium-long term .Currently Gold is in strong downtrend
with good momentum 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 Gold is now trading in overbought level. The oscillator is showing
SELL signal For short term Gold is in SELL position.Positionally
Immediate support for Gold is 30408.Resistance for the Gold is 30890-30924-30939-31222-31299-31300-
SILVER:
Trend updated for-Jan/22/2013.CMP-59432 Overall
trend of the Silver is bearish for medium-long term .Currently Silver 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 oscillator is showing BUY signal For short term The current
position is BUY .Positionally Support for the Silver is
58840-58479-58198-. Resistance for the Silver is 60358-60387-60681
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