MTECHTIPS MCX GOLD INTRADAY trading tips 23-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 23-08-2017
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 oscillator is showing SELL signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28918-28720-28561-28530-28458-28399-. Immediate resistance for Gold is 29561Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG position Gold is in profit booking mode so either sell of or keep stop at29063 so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 29298.8 with a stop at 28979.3 Below 28911.8 go for sell
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