MTECHTIPS MCX GOLD INTRADAY trading tips 01-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 01-08-2017
MTECHTIPS Gold is bearish for medium-long term .Currently Gold 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 The current position is BUY .Positionally Support for the Gold is 28437-28323-28154-28134-.Resistance for the Gold is 28676-28718- Short term and Intraday Level of GOLDCurrently 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 28698.2 with stop at 28304.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 28698.2 with a stop at 28458 Below 28416.2 go for sell and put stop at 28656.1
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