December 3, 2016

MTECHTIPS MCX GOLD INTRADAY trading tips 29-09-2016

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 above31506 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 30598-.Resistance for the Gold is 31168-31187-31203-31257-31280-

Short term and Intraday Level of GOLD

 

Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 31220.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 31111.9 with a stop at 30845.8 Below 30798.5 go for sell.

 

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