MTECHTIPS MCX GOLD INTRADAY trading tips 26-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 26-12-2016
MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is in strong downtrend 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 26755.Resistance for the Gold is 27340-27541-28037-29011-29547-29983-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 27110.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27167.9 with a stop at 26880.3 Below 26820.5 go for sell
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