MTECHTIPS MCX GOLD INTRADAY trading tips 08-01-2018

MTECHTIPS MCX GOLD INTRADAY trading tips 08-01-2018
MTECHTIPS Gold is bearish for medium-long term .Currently 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 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 28964-28939-28730-28643-.Resistance for the Gold is 29376-29480- Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 29284 or hold with stop at 29061 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 29346 with a stop at 29123 Below 29088 go for sell
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