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MTECHTIPS MCX GOLD INTRADAY trading tips 20-02-2017

Sunday, February 19, 2017 23:33
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MTECHTIPS MCX GOLD INTRADAY trading tips 20-02-2017



MTECHTIPS MCX  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 SELL signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29089-28970-28770-28714-28348-28093-. Immediate resistance for Gold is 29603

Short term and Intraday Level of GOLD


Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 29585.6 or hold with stop at 28872.0 The next resistance will be at 29485.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 29585.6 with a stop at 29218.2 Below 29135 go for sell and put stop at 29502.2




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