MTECHTIPS MCX GOLD INTRADAY trading tips 27-02-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 27-02-2017
MTECHTIPS MCX 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 29166-29146-28926-28686-28302-28282-. Immediate resistance for Gold is 29768
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 29791.3 with stop at 29075.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29791.3 with a stop at 29509.5 Below 29455.1 go for sell and put stop at 29736.8
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