MTECHTIPS MCX GOLD INTRADAY trading tips 22-02-2017
MTECHTIPS MCX GOLD INTRADAY trading tips 22-02-2017
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 BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29097-29044-28838-28694-28320-28160-. Immediate resistance for Gold is 29603
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 if close above 29485.0 closing below 28872.0 Sell will happen. The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29500.3 with a stop at 29172.3 Below 29102.2 go for sell and put stop at 29430
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