MTECHTIPS MCX GOLD INTRADAY trading tips 30-09-2016
MTECHTIPS MCX Gold is in perfect uptrend .Currently Gold is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 31039-31015-30964-30953-30929-30612-. Immediate resistance for Gold is 31506
Short term and Intraday Level of GOLD
Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 31350.0 with stop at 30866.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 31359.1 with a stop at 31037.1 Below 30971.4 go for sell and put stop at 31293.