December 10, 2016

MTECHTIPS MCX GOLD INTRADAY trading tips 17-10-2016

MTECHTIPS MCX Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal .In last 1 month volatality is very less Buy the Gold above 31475 or buy with strict stop at 29183. 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 SELL position.Positionally Immediate support for Gold is 29183.Resistance for the Gold is 29922-30334-30670-30872-30986-31137-

Short term and Intraday Level of GOLD

 

Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy only above 29885.0 or hold with stop at 29460.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 29861 with a stop at 29523 Below 29451.2 go for sell.

 

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