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MTECHTIPS MCX GOLD INTRADAY trading tips 04-01-2017

Wednesday, January 4, 2017 0:06
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MTECHTIPS MCX GOLD INTRADAY trading tips 04-01-2017

 

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MTECHTIPS Mcx   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 and closed above 3 week high with volume signals up breakout.Positionally Support for the Gold is 27412-27172-27156-.Resistance for the Gold is 28665-29211-29708-

Short term and Intraday Level of GOLD

Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 27424 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 28040.2 with a stop at 27619.5 Below 27516.6 go for sell with a stop at 27936.9

Intraday Resistance of GOLD are 27984.3 : 28155.5 : 28028.6 : 28063.4

WWW.MTECHTIPS.COM

 

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