MTECHTIPS MCX GOLD INTRADAY trading tips 05-12-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 05-12-2017
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum 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 SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28834.Resistance for the Gold is 29423-29436-29500-29502-29608-29682-Short term and Intraday Level of GOLD Currently Gold is in SELL position Gold is in down trend so buy above 29244 The sell will again come if below 28950 The Gold is now trading is approaching oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 29199 with a stop at 28911 Below 28854 go for sell

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