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MTECHTIPS MCX GOLD INTRADAY trading tips 21-02-2017

Monday, February 20, 2017 22:39
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MTECHTIPS MCX GOLD INTRADAY trading tips 21-02-2017



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 oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29100-29021-28807-28701-28331-28127-. Immediate resistance for Gold is 29603

Short term and Intraday Level of GOLD


Currently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 29452.3 with stop at 28872.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 29452.3 with a stop at 29199.2 Below 29154.1 go for sell and put stop at 29406.9




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