MTECHTIPS MCX GOLD INTRADAY trading tips 01-01-2018

MTECHTIPS MCX GOLD INTRADAY trading tips 01-01-2018
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend . Caution note 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 showing BUY signal For short term Gold is in HOLD LONG position and closed above 3 week high with volume signals up breakout.Positionally Support for the Gold is 28990-28665-28557-28436-.Resistance for the Gold is 29414-29473- Short term and Intraday Level of GOLD Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28890 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 29335 with a stop at 29037 Below 28976 go for sell with a stop at 29275
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