MTECHTIPS MCX GOLD INTRADAY trading tips 10-05-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 10-05-2017
MTECHTIPS MCX Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory 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 27839.Resistance for the Gold is 28541-28720-28797-28881-28948-28987-
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 28220.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 28149.1 with a stop at 27854.2 Below 27793.4 go for sell
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