MTECHTIPS MCX GOLD INTRADAY trading tips 29-12-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 29-12-2017
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume 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 showing BUY signal For short term Gold is in HOLD LONGposition. Positionally Support for the Gold is 28677-28474-28403-.Resistance for the Gold is 29233-29423-29466-
Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28797 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29162 with a stop at 28908 Below 28862 go for sell with a stop at 29116
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