MTECHTIPS MCX GOLD INTRADAY trading tips 27-07-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 27-07-2017
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume 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 The current position is BUY .Positionally Support for the Gold is 28158-28144-28026-.Resistance for the Gold is 28676-28709-28716-
Short term and Intraday Level of GOLDCurrently Gold is in HOLD LONG position Gold is in profit booking mode so better sell and enter at lower level 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 28536.3 with a stop at 28279.6 Below 28232.1 go for sell
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