MTECHTIPS MCX GOLD INTRADAY trading tips 14-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 14-08-2017
MTECHTIPS Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold 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.Positionally Support for the Gold is 28520-28505-28472-28412-28394-28270-. Immediate resistance for Gold is 29412Short term and Intraday Level of GOLD Currently 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 29384.6 with stop at 28300.0 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29384.6 with a stop at 29083.2 Below 29021.9 go for sell and put stop at 2932
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