Home / TIPS / MTECHTIPS MCX GOLD INTRADAY trading tips 11-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 11-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 11-01-2017

MTECHTIPS Mcx Gold is bearish for medium-long term .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 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 27626-27392-27376-.Resistance for the Gold is 28452-28996-29538-

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 27892 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 28338.4 with a stop at 28018.9 Below 27950.2 go for sell with a stop at 28269.3

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