MTECHTIPS MCX GOLD INTRADAY trading tips 31-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 31-01-2017
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 28371-27993-27904-.Resistance for the Gold is 28714-28747-29214-
Short term and Intraday Level of GOLD

Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 28531.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28704.5 with a stop at 28405.5 Below 28344 go for sell and put stop at 28642.8
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