MTECHTIPS MCX GOLD INTRADAY trading tips 30-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 30-12-2016
MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is in 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 LONG position and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 27155-27049-.Resistance for the Gold is 27765-28800-29349-29822-
Short term and Intraday Level of GOLD

Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 27194 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 27776.9 with a stop at 27427.3 Below 27347.8 go for sell with a stop at 27697
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