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GOLD:

Trend updated for-Jan/19/2013.CMP-30594 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 Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 30408.Resistance for the Gold is 30933-30940-30967-31269-31306-31316-

SILVER:

Trend updated for-Jan/19/2013.CMP-59436 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 higer levels seems decreasing. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Silver is 58604-58398-58072-.Resistance for the Silver is 60378-60467-60750- 

   

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