December 10, 2016

MTECHTIPS MCX GOLD INTRADAY trading tips 19-09-2016

MTECHTIPS MCX OCT GOLD Gold is in long- term bull phase .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal and has moved down its previous low with good volume points to a negative break out . 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 and Gold closed below 1 week low with volume signals down breakout. Positionally Support for the Gold is 30499-.Resistance for the Gold is 31066-31153-31230-31262-31324.

 

Short term and Intraday Level of GOLD

 

Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in SELL position The Gold is in downtrend For short term buy only if close above 31158.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 31184 with a stop at 30742 Below 30636.9 go for sell.

 

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