MTECHTIPS MCX GOLD INTRADAY trading tips 01-12-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 01-12-2017
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28834.Resistance for the Gold is 29411-29506-29518-29560-29627-29683- Short term and Intraday Level of GOLD Currently Gold is in HOLD SHORT position Gold has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below28775.8 Buy if above 29533 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 29248 with a stop at 28864 Below 28775 go for sell
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