MTECHTIPS MCX GOLD INTRADAY trading tips 25-11-2016
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 .. 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.Positionally Immediate support for Gold is 28515.Resistance for the Gold is 29279-29579-29835-30140-30507-30719-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in sideways and sellers was at high so for short term better buy above 28912.9 or hold with stop at 28630.0 The next resistance will be at 29225.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28912.9 with a stop at 28634 Below 28579.5 go for sell and put stop at 28858.