MTECHTIPS MCX GOLD INTRADAY trading tips 24-11-2016
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 28601.Resistance for the Gold is 29395-29695-29883-30181-30542-30753-
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 29216.0 The Gold is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29166.5 with a stop at 28632 Below 28492.7 go for sell.