MTECHTIPS MCX GOLD INTRADAY trading tips 06-01-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 06-01-2017
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY and closed above 3 week high with volume signals up breakout.Positionally Support for the Gold is 27385-27339-27224-.Resistance for the Gold is 28577-29118-29636-
Short term and Intraday Level of GOLD
Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 28167.5 with stop at 27401.0 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 28167.5 with a stop at 27810.6 Below 27729.1 go for sell and put stop at 28085.7
WWW.MTECHTIPS.COM
07489294118-119