MTECHTIPS MCX GOLD INTRADAY trading tips 18-11-2016
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum and the trend is 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 SELL position.Positionally Immediate support for Gold is 28975.Resistance for the Gold is 29832-30014-30025-30343-30662-30857-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 29463.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29353.2 with a stop at 28991.1 Below 28909.5 go for sell.