MTECHTIPS MCX GOLD INTRADAY trading tips 02-03-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 02-03-2017
MTECHTIPS MCX Gold is in long- medium- short-medium- short- term bull phase .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 BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29203-29028-28683-28425-28307-.Resistance for the Gold is 29555-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is in profit booking mode so better sell and enter at lower level The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 29652 with a stop at 29286.9 Below 29204.6 go for sell
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