December 3, 2016

MTECHTIPS MCX GOLD INTRADAY trading tips 28-09-2016

MTECHTIPS MCX Gold is in long- term bull phase .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 30587-.Resistance for the Gold is 31171-31195-31226-31248-31283-

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 31380.0 with stop at 30841.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level

Intraday Trend- Buy is advised above 31240.5 with a stop at 30816.2 Below 30716.3 go for sell.

 

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