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MTECHTIPS MCX GOLD INTRADAY trading tips 12-01-2017

Wednesday, January 11, 2017 21:55
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MTECHTIPS MCX GOLD INTRADAY trading tips 12-01-2017

 

MTECHTIPS Mcx Gold is bearish for medium-long term .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 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 The current position is BUY .Positionally Support for the Gold is 28178-27726-27479-27392-.Resistance for the Gold is 28956-29512-

Short term and Intraday Level of GOLD

 

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 27977 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 28501.7 with a stop at 28171.1 Below 28098.9 go for sell with a stop at 28429.2

WWW.MTECHTIPS.COM

 

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