MTECHTIPS MCX GOLD INTRADAY trading tips 06-12-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 06-12-2017
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong 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 SELL signal For short term Gold is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Gold is 28738.Resistance for the Gold is 29377-29445-29452-29489-29585-29677- Short term and Intraday Level of GOLD Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 29212 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal Intraday Trend- Buy is advised above 29123 with a stop at 28740 Below 28651 go for sell
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