MTECHTIPS MCX GOLD INTRADAY trading tips 30-11-2016
MTECHTIPS MCX Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28261.Resistance for the Gold is 29056-29283-29697-30001-30400-30634-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position Gold is showing some Up momentum So buy above 28788.0 with stop at 28374.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 28939.6 with a stop at 28644.7 Below 28584.8 go for sell and put stop at 28879.