MTECHTIPS MCX GOLD INTRADAY trading tips 21-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 21-12-2016
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 27573-27794-28298-29173-29713-30119-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy only above 27685.0 with stop at 26901.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 27319 with a stop at 27008.7 Below 26941.6 go for sell
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