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MTECHTIPS MCX GOLD INTRADAY trading tips 20-10-2016

Wednesday, October 19, 2016 22:07
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MTECHTIPS MCX GOLD INTRADAY trading tips 20-10-2016

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MTECHTIPS MCX Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal but has moved past its recent high. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Support for the Gold is 29575-.Resistance for the Gold is 30075-30520-30900-30906-31070-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 30091.7 with stop at 29460.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 30091.7 with a stop at 29776 Below 29710.8 go for sell and put stop at 30026.

WWW.MTECHTIPS.COM

07489294118-119

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