MTECHTIPS MCX GOLD INTRADAY trading tips 08-02-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 08-02-2017
MTECHTIPS old is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . 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 Gold is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Gold is 28867-28706-28665-28451-28398-27925-. Immediate resistance for Gold is 29465
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 is in sideways and sellers was at high so for short term better buy above 29483.1 or hold with stop at 28718.0 The next resistance will be at 29348.0 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29483.1 with a stop at 29227.3 Below 29181.2 go for sell and put stop at 29436.9
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