MTECHTIPS MCX GOLD INTRADAY trading tips 07-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 07-08-2017
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 28117-.Resistance for the Gold is 28529-28587-28625-28639-28728-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 28630.0 or hold with stop at 28300.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 28630.3 with a stop at 28265.8 Below 28182.4 go for sell
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