MTECHTIPS MCX GOLD INTRADAY trading tips 01-11-2016
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for the Gold is 29811-29736-.Resistance for the Gold is 30108-30639-30891-30963-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 30157.0 or hold with stop at 29720.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 30087.2 with a stop at 29851.6 Below 29813.1 go for sell.