MTECHTIPS MCX GOLD INTRADAY trading tips 28-11-2016

MTECHTIPS MCX GOLD INTRADAY trading tips 28-11-2016
MTECHTIPS MCX Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. 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 SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Gold is 28261.Resistance for the Gold is 29199-29447-29788-30094-30472-30686-
Short term and Intraday Level of GOLD

Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in SELL position Gold is in sideways and sellers was at high so for short term better buy above 28860.5 or hold with stop at 28374.0 The next resistance will be at 29225.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28860.5 with a stop at 28438.6 Below 28336.3 go for sell and put stop at 28757.8

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