MTECHTIPS MCX GOLD INTRADAY trading tips 27-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 27-12-2016
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 26755.Resistance for the Gold is 27277-27472-27953-28955-29493-29941-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position Gold is in sideways so for short term better buy above 27207.0 with stop at 26862.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 27174.7 with a stop at 26941.3 Below 26899.7 go for sell and put stop at 27132.9
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