MTECHTIPS MCX GOLD INTRADAY trading tips 15-11-2016
MTECHTIPS Gold is bearish for medium-long term.Currently Gold is showing some down move and trend is strong momentum is also showing strength and supported with good volume 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 HOLD SHORT position.Positionally Immediate support for Gold is 29133.Resistance for the Gold is 30062-30159-30193-30460-30759-30920-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position Gold is in sideways so for short term better buy above 31376.0 with stop at 29250.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 30058 with a stop at 29352.6 Below 29157.5 go for sell and put stop at 29862.