MTECHTIPS MCX GOLD INTRADAY trading tips 27-01-2017
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 SELL signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 27928-27877-.Resistance for the Gold is 28529-28704-28780-29268-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 28857.0 or hold with stop at 28357.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 28643.5 with a stop at 28227.8 Below 28127.3 go for sell
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