August 19, 2017

MTECHTIPS

 

MTECHTIPS :INTRADAY TRADING ANALYSIS & INTRADAY STRONG BUY/SELL LEVEL FOR GOLD

 

Gold feb future for short term view remain sell.those having short positions can keep stoploss above 31550 on closing basis and expect 31000 to 30500 in next 1-2 weeks.but if rupee tumbles and comex gold take support at 1680-1700 band then only long side reversal is possible. medium to long term traders must watch 6 month level level if closed below that and hold below that for 3 session then 29500 is likely and sure downside target which is 12 month level support.if give reversal from support then expect 32200+ new high till expiry

 

MCX TRADING STRONG BUY SELL LEVEL FOR GOLD

 

MCX GOLD VIEW UP SIDE 31235 LOW SIDE 31075

SELL BELOW 31300-350 LOW SIDE 31050 THEN 30930

 

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Mtech

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