MTECHTIPS MCX GOLD INTRADAY trading tips 06-03-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 06-03-2017
MTECHTIPS MCX Gold is in long- medium- 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 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 28671-28510-28303-.Resistance for the Gold is 29319-29432-29496-
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 29358.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29214.2 with a stop at 28894.2 Below 28826.4 go for sell
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