MTECHTIPS MCX GOLD INTRADAY trading tips 23-11-2016
MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28685.Resistance for the Gold is 29501-29819-29927-30223-30576-30784-
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in down trend so buy above 29141.0 The sell will again come if below 28800.0 The Gold is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 29287.3 with a stop at 29035.9 Below 28991 go for sell.