MTECHTIPS MCX GOLD INTRADAY trading tips 23-05-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 23-05-2017
MTECHTIPS Mcx Gold is in long- medium- short-medium- short- term bull phase .Currently Gold is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note 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 BUY Signal and Gold is recovering from oversold level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28595-28541-28469-28168-28160-.Resistance for the Gold is 28939-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is in profit booking mode so hold with stop at 28554 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 only above 28972.8 with a stop at 28662.6 Below 28597.7 go for sell and put stop at 28907.7
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