December 10, 2016

MTECHTIPS MCX GOLD INTRADAY trading tips 27-09-2016

MTECHTIPS MCX Gold is in perfect uptrend .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 BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above31592 or buy with strict stop at 30669. The Gold is now trading in overbought level. 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 31033-31004-30988-30958-30938-30581-. Immediate resistance for Gold is 31592

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 31467 with stop at 30841.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 31467 with a stop at 31227.3 Below 31189.3 go for sell and put stop at 31428.

 

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