MTECHTIPS MCX GOLD INTRADAY trading tips 22-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 22-12-2016
MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum 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 BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 26793.Resistance for the Gold is 27479-27700-28202-29119-29657-30073-
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 only above 27401.0 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 above 27172.7 with a stop at 26871.9 Below 26807.8 go for sell
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