MTECHTIPS MCX GOLD INTRADAY trading tips 02-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 02-01-2017
MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above27796 or buy with strict stop at 26755. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 27146-27077-.Resistance for the Gold is 27719-28754-29302-29784-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 27314 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 27616.6 with a stop at 27332 Below 27273.8 go for sell with stop at 27558.3
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