MTECHTIPS MCX GOLD INTRADAY trading tips 20-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 20-12-2016
MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum and the trend is supported with good volume 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 BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 26793.Resistance for the Gold is 27642-27903-28386-29224-29770-30165-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 27685.0 with stop at 26901.0 The Gold is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 27378.3 with a stop at 27173.7 Below 27142 go for sell and put stop at 27346.4.
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