MTECHTIPS MCX GOLD INTRADAY trading tips 10-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 10-08-2017
MTECHTIPS 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 SELL signal For short term Gold is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Gold is 28498-28395-28389-28384-28371-28171-. Immediate resistance for Gold is 28980
Short term and Intraday Level of GOLD
Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 29172.2 or hold with stop at 28300.0 The next resistance will be at 28865.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29172.2 with a stop at 28651.6 Below 28516.9 go for sell and put stop at 29036.9
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