MTECHTIPS MCX GOLD INTRADAY trading tips 22-11-2016
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong downtrend 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 28685.Resistance for the Gold is 29575-29895-29957-30262-30605-30811-
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 29197.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29338.3 with a stop at 29004.5 Below 28932.3 go for sell and put stop at 29265..