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GOLD:

Trend updated for-Feb/08/2013.CMP-30796 Overall trend of the Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 30640-30427-30280-30182-.Resistance for the Gold is 31176-31183-

SILVER:

Trend updated for-Feb/08/2013.CMP-58041 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing SELL signal .In last 1 month volatility is very less Buy the Silver above 60214 or buy with strict stop at 57242. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 57242.Resistance for the Silver is 58502-58821-58959-59241-60157-60233-

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