MTECHTIPS MCX GOLD INTRADAY trading tips 14-10-2016
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 SELL position.Positionally Immediate support for Gold is 29183.Resistance for the Gold is 30032-30443-30733-30865-31026-31160-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29616 The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29896.8 with a stop at 29585.7 Below 29521.7 go for sell with stop at 29832.6.