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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 and has moved down its previous low. 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 28397-28377-.Resistance for the Gold is 28669-28839-28900-29008-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below28365.3 Buy if above 28938.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 28719.2 with a stop at 28425.1 Below 28365.3 go for sell
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