MTECHTIPS MCX GOLD INTRADAY trading tips 24-05-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 24-05-2017
MTECHTIPS Mcx Gold is in long- medium- short-medium- short- term bull phase .Currently Gold is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold 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 28609-28552-28441-28252-28175-.Resistance for the Gold is 28933-
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 29004.0 with stop at 28150.0 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 above 28967.4 with a stop at 28704.2 Below 28655 go for sell
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