September 20, 2017

MTECHTIPS MCX GOLD INTRADAY trading tips 02-02-2017

MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in 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 SELL position.Positionally Support for the Gold is 28540-28493-28478-28137-27895-.Resistance for the Gold is 29171-

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 29105.0 with stop at 28085.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 29095.1 with a stop at 28728.9 Below 28645.5 go for sell

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