MTECHTIPS MCX GOLD INTRADAY trading tips 22-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 22-08-2017
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 on SELL signal and Gold is coming down from overbought level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28853-28684-28523-28522-28445-28397-. Immediate resistance for Gold is 29561Short term and Intraday Level of GOLD Currently Gold is in BUY position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 29544.5 with stop at 28800.0 The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29544.5 with a stop at 29123.4 Below 29022.3 go for sell and put stop at 29443
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