MTECHTIPS MCX GOLD INTRADAY trading tips 02-01-2018

MTECHTIPS MCX GOLD INTRADAY trading tips 02-01-2018
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum 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 showing BUY signal For short term The current position is BUY .Positionally Support for the Gold is 28982-28655-28643-28475-.Resistance for the Gold is 29402-29476- Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28989 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 29226 with a stop at 29042 Below 29019 go for sell with stop at 29204
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