MTECHTIPS MCX GOLD INTRADAY trading tips 18-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 18-01-2017
MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is 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 The current position is BUY .Positionally Support for the Gold is 28092-28039-27868-27530-.Resistance for the Gold is 28860-29416-
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 28420 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 28931.7 with a stop at 28612.7 Below 28544.8 go for sell with a stop at 28863.6
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