MTECHTIPS MCX GOLD INTRADAY trading tips 15-02-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 15-02-2017

MTECHTIPS MCX  Gold is in long- medium- short-medium- short- term bull phase .Currently Gold is in strong uptrend 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 oscillator is showing SELL signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28806-28762-28647-28394-28006-.Resistance for the Gold is 29206-

Short term and Intraday Level of GOLD

 

Currently Gold is in HOLD SHORT position Gold is in down trend so buy above 29181.0 The sell will again come if below 28925.0 The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 29179.7 with a stop at 28882.9 Below 28822.8 go for sell

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