MTECHTIPS MCX GOLD INTRADAY trading tips 03-10-2016
MTECHTIPS MCX Gold is bearish for medium-long term.Currently Gold is showing some down move and the trend and not gained strength and supported with good volume The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD LONG position.Positionally Immediate support for Gold is 30547.Resistance for the Gold is 30866-31167-31169-31205-31269-31283-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 31158.0 The oscillator is showing SELL signalIntraday Trend- Buy is advised above 31116.3 with a stop at 30524.7 Below 30368.9 go for sell.