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MTECHTIPS MCX GOLD INTRADAY trading tips 22-03-2017
MTECHTIPS MCX Gold is in long- medium- short- term bull phase .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. 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 SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 28735-28509-28502-28289-28277-.Resistance for the Gold is 29053-
Short term and Intraday Level of GOLD
Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28424 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29180.8 with a stop at 28657.8 Below 28522.3 go for sell with a stop at 29044.7
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