MTECHTIPS MCX GOLD INTRADAY trading tips 16-02-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 16-02-2017
MTECHTIPS MCX Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above29532 or buy with strict stop at 27973. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29001-28834-28745-28687-28379-28031-. Immediate resistance for Gold is 29532
Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 29170.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29366 with a stop at 29002.7 Below 28920.7 go for sell and put stop at 29283.6
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