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MTECHTIPS MCX GOLD INTRADAY trading tips 04-10-2016

Monday, October 3, 2016 22:31
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MTECHTIPS MCX GOLD INTRADAY trading tips 04-10-2016


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 overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 30430.Resistance for the Gold is 30873-31140-31147-31173-31269-31277-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position The Gold is in downtrend For short term buy only if close above 31087.0 The Gold is now trading is approaching oversold level. The oscillator is on BUY Signal and Gold is recovering from oversold level

Intraday Trend- Buy is advised above 30791.4 with a stop at 30442.5 Below 30367.2 go for sell



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