MTECHTIPS MCX GOLD INTRADAY trading tips 30-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 30-01-2017
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 27933-27912-.Resistance for the Gold is 28556-28700-28763-29239-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 28575.5 with stop at 28085.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28575.5 with a stop at 28213.7 Below 28131.1 go for sell and put stop at 28492.6
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