MTECHTIPS MCX GOLD INTRADAY trading tips 03-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 03-08-2017
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 28231-28123-.Resistance for the Gold is 28584-28650-28652-28723- Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG positionGold is in sideways and sellers was at high so for short term better buy above 28614.2 or hold with stop at 28350.0 The next resistance will be at 28620.0 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 28614.2 with a stop at 28320.2 Below 28260.3 go for sell and put stop at 28554
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