MTECHTIPS MCX GOLD INTRADAY trading tips 28-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 28-12-2016
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 Support for the Gold is 27023-.Resistance for the Gold is 27428-27874-28900-29440-29900-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 27434.5 with stop at 26862.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 27434.5 with a stop at 27011 Below 26906.3 go for sell and put stop at 27329.4
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