October 22, 2016

MTECHTIPS MCX GOLD INTRADAY trading tips 05-10-2016

MTECHTIPS Gold is bearish for medium-long term .Currently Gold is in strong downtrend with good momentum 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 29765.Resistance for the Gold is 30872-31067-31080-31114-31259-31260-

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 31240.0 or hold with stop at 29885.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 30506.5 with a stop at 29704.2 Below 29477.3 go for sell





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