MTECHTIPS MCX GOLD INTRADAY trading tips 28-10-2016
MTECHTIPS MCX GOLD INTRADAY trading tips 28-10-2016
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 29718-29660-.Resistance for the Gold is 30248-30721-30929-30959-
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 30095.7 with stop at 29730.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 30095.7 with a stop at 29812.9 Below 29758.7 go for sell and put stop at 30041.3
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