Home / TIPS / MTECHTIPS MCX GOLD INTRADAY trading tips 29-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 29-12-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 29-12-2016

MTECHTIPS Mcx  Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Support for the Gold is 27169-26995-.Resistance for the Gold is 27813-28848-29392-29859-

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 27059 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 27552.4 with a stop at 27146.9 Below 27048.4 go for sell with a stop at 27453.5

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