MTECHTIPS MCX GOLD INTRADAY trading tips 09-02-2017
MTECHTIPS Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold 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 BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28849-28766-28704-28459-28444-27936-. Immediate resistance for Gold is 29532
Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 29483.7 with stop at 28718.0 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal
Intraday Trend- Buy is advised only above 29483.7 with a stop at 29224 Below 29176.7 go for sell and put stop at 29436.2


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