MTECHTIPS MCX GOLD INTRADAY trading tips 01-03-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 01-03-2017
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 BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29290-29196-29000-28685-28379-28306-. Immediate resistance for Gold is 29904
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29517 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29740.4 with a stop at 29449.5 Below 29392.1 go for sell with stop at 29682.8
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