MTECHTIPS MCX GOLD INTRADAY trading tips 24-10-2016
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 .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above30951 or buy with strict stop at 29183. 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 LONG position.Positionally Support for the Gold is 29700-29645-.Resistance for the Gold is 30445-30843-30932-31014-
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 29816 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 30096.7 with a stop at 29840.9 Below 29795.7 go for sell with a stop at 30051.
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