MTECHTIPS MCX GOLD INTRADAY trading tips 29-11-2016
MTECHTIPS MCX Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28261.Resistance for the Gold is 29111-29358-29740-30050-30435-30657-
Short term and Intraday Level of GOLD
Currently Gold is in SELL position Gold is in sideways so for short term better buy above 29225.0 with stop at 28374.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 28944.2 with a stop at 28603.5 Below 28528.4 go for sell and put stop at 28868.