MTECHTIPS MCX GOLD INTRADAY trading tips 16-03-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 16-03-2017
MTECHTIPS MCX Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 SELL position.Positionally Immediate support for Gold is 27795.Resistance for the Gold is 28484-28678-28788-28911-29010-29133-
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 28251.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 28133.8 with a stop at 27882.8 Below 27836.6 go for sell
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