MTECHTIPS MCX GOLD INTRADAY trading tips 04-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 04-08-2017
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 Gold is in HOLD LONG position.Positionally Support for the Gold is 28372-28273-28118-.Resistance for the Gold is 28639-28648-28728- Short term and Intraday Level of GOLD Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 28653.7 with stop at 28300.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28653.7 with a stop at 28375.4 Below 28320.8 go for sell and put stop at 28598.8
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