MTECHTIPS MCX GOLD INTRADAY trading tips 01-12-2016
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 .. The Gold is now trading in oversold level. The oscillator is showing BUY signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28225.Resistance for the Gold is 28955-29183-29635-29941-30359-30606-
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 28872.0 or hold with stop at 28338.0 The Gold is now trading is approaching oversold level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised above 28674.3 with a stop at 28212.4 Below 28096.6 go for sell.