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MTECHTIPS MCX GOLD INTRADAY trading tips 03-03-2017

Thursday, March 2, 2017 23:25
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MTECHTIPS MCX GOLD INTRADAY trading tips 03-03-2017


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 on SELL signal and Gold is coming down from overbought level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28678-28469-28304-.Resistance for the Gold is 29293-29442-29530-

Short term and Intraday Level of GOLD


Currently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below28956.1 Buy if above 29785.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 29384.5 with a stop at 29033.9 Below 28956.1 go for sell




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