MTECHTIPS MCX GOLD INTRADAY trading tips 17-03-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 17-03-2017
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 Support for the Gold is 28258-.Resistance for the Gold is 28602-28773-28925-28940-29106-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways and sellers was at high so for short term better buy above 28776.3 or hold with stop at 27907.0 The next resistance will be at 28540.0 The Gold is now trading is approaching oversold level. The oscillator is on BUY Signal and Gold is recovering from oversold level
Intraday Trend- Buy is advised only above 28776.3 with a stop at 28200.5 Below 28046.9 go for sell and put stop at 28622.1
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