MTECHTIPS MCX GOLD INTRADAY trading tips 16-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 16-08-2017
MTECHTIPS Gold is in downtrend and the trend is supported with good volume The open interest is not increasing with trend .. 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 28572-28509-28508-28409-28400-28321-. Immediate resistance for Gold is 29412Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28998 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29236.9 with a stop at 28972.7 Below 28923.5 go for sell with stop at 29187.5
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