MTECHTIPS MCX GOLD INTRADAY trading tips 17-04-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 17-04-2017
MTECHTIPS MCX Gold is in strong uptrend but volume is unsatisfactory 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 28817-28765-28718-28613-28571-28357-. Immediate resistance for Gold is 29551
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 29580.2 with stop at 28621.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29580.2 with a stop at 29294.2 Below 29238.2 go for sell and put stop at 29524
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