MTECHTIPS MCX GOLD INTRADAY trading tips 14-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 14-12-2016

MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing SELL signal For short term Gold is in SELL position. Positionally Immediate support for Gold is 27305.Resistance for the Gold is 28021-28297-28778-29415-29970-30327-
Short term and Intraday Level of GOLD

Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 27709.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 27736.9 with a stop at 27406.8 Below 27333.7 go for sell
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