MTECHTIPS MCX GOLD INTRADAY trading tips 17-02-2017
MTECHTIPS MCX GOLD INTRADAY trading tips 17-02-2017
MTECHTIPS MCX Gold is in strong 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 HOLD SHORT position.Positionally Support for the Gold is 29044-28902-28732-28728-28363-28061-. Immediate resistance for Gold is 29603
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 29663.8 or hold with stop at 28872.0 The next resistance will be at 29485.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29663.8 with a stop at 29263 Below 29168.9 go for sell and put stop at 29569.3
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