MTECHTIPS MCX GOLD INTRADAY trading tips 24-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 24-01-2017
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 SELL signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28580-28409-28192-27960-27758-.Resistance for the Gold is 29322-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways and sellers was at high so for short term better buy above 28988.4 or hold with stop at 28460.0 The next resistance will be at 28857.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised only above 28988.4 with a stop at 28681.7 Below 28618.1 go for sell and put stop at 28924.5
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