MTECHTIPS MCX GOLD INTRADAY trading tips 12-07-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 12-07-2017
MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 27493.Resistance for the Gold is 28258-28410-28652-28656-28786-28833- Short term and Intraday Level of GOLD Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 27936.0 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 27995.4 with a stop at 27725.7 Below 27673 go for sell and put stop at 27942.5
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