MTECHTIPS MCX GOLD INTRADAY trading tips 07-02-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 07-02-2017
MTECHTIPS 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 Gold is in HOLD LONG position.Positionally Support for the Gold is 28883-28654-28611-28459-28327-27913-. Immediate resistance for Gold is 29374
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is in profit booking mode so hold with stop at 28848 The Gold is now trading is approaching overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29423.3 with a stop at 29049 Below 28963.3 go for sell and put stop at 29337.4
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