May 28, 2018

MTECHTIPS MCX GOLD INTRADAY trading tips 03-02-2017

MTECHTIPS  Gold is bearish for medium-long term .Currently Gold is in uptrend and the trend is supported with good volume 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 Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Support for the Gold is 28559-28523-28481-28204-27898-.Resistance for the Gold is 29152-

Short term and Intraday Level of GOLD


Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 28748 The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 29251.7 with a stop at 28817.1 Below 28711.2 go for sell with stop at 29145.3




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