MTECHTIPS MCX GOLD INTRADAY trading tips 28-07-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 28-07-2017
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 . 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 .Positionally Support for the Gold is 28222-28138-28050-.Resistance for the Gold is 28671-28699-28714-Short term and Intraday Level of GOLD Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy only above 28610.0 with stop at 28283.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 28664.9 with a stop at 28353.3 Below 28287.7 go for sell
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