MTECHTIPS MCX GOLD INTRADAY trading tips 09-01-2018

MTECHTIPS MCX GOLD INTRADAY trading tips 09-01-2018

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 29138-29000-28962-28796-28646-.Resistance for the Gold is 29481- Short term and Intraday Level of GOLD Currently Gold is in HOLD SHORT position Gold is in sideways and sellers was at high so for short term better buy above 29393.1 or hold with stop at 29061 The next resistance will be at 29299 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 29393 with a stop at 29165 Below 29129 go for sell and put stop at 29356

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