MTECHTIPS MCX GOLD INTRADAY trading tips 10-01-2018

MTECHTIPS MCX GOLD INTRADAY trading tips 10-01-2018
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 29031-28958-28842-28651-.Resistance for the Gold is 29366-29481- 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 29299 with stop at 29061 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level Intraday Trend- Buy is advised above 29283 with a stop at 29063 Below 29028 go for sell
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