MTECHTIPS MCX GOLD INTRADAY trading tips 20-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 20-01-2017
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 28261-28031-27991-27639-.Resistance for the Gold is 28836-29372-
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 28569 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 28766.7 with a stop at 28380.5 Below 28290 go for sell with stop at 28675.9
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