Home / TIPS / MTECHTIPS MCX GOLD INTRADAY trading tips 28-02-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 28-02-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 28-02-2017

MTECHTIPS MCX  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 Gold is in HOLD LONG position.Positionally Support for the Gold is 29235-29180-28969-28687-28333-28306-. Immediate resistance for Gold is 29904

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 29422 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 29903.8 with a stop at 29583.7 Below 29516.7 go for sell with a stop at 29836.6

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