MTECHTIPS MCX GOLD INTRADAY trading tips 13-10-2016
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 . In last few days volume based selling happened in the Gold. 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 SELL position.Positionally Immediate support for Gold is 29183.Resistance for the Gold is 30177-30552-30793-30861-31064-31181-
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 29949.0 with stop at 29300.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29831.1 with a stop at 29531.5 Below 29471.4 go for sell.