MTECHTIPS MCX GOLD INTRADAY trading tips 05-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 05-01-2017
MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 27384-27242-27162-.Resistance for the Gold is 28620-29162-29670-
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 27503 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27943.3 with a stop at 27524.1 Below 27421.5 go for sell with stop at 27840.3
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