MTECHTIPS MCX GOLD
INTRADAY trading tips 02-12-2016
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 SELL signal For short term Gold is in HOLD SHORT
position.Positionally Immediate support for Gold is 27769.Resistance for the
Gold is 28834-29051-29548-29874-30313-30575-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold has
formed a new 5 day low yesterday but failed to keep the trend so if selling has
to considered better below27580.7 Buy if above 28872.0 The Gold is now trading
is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 28260.4 with a
stop at 27722.4 Below 27580.7 go for sell.
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