MTECHTIPS MCX GOLD INTRADAY trading tips 12-04-2017
MTECHTIPS MCX GOLD INTRADAY trading tips 12-04-2017
MTECHTIPS MCX Gold is showing some up move after small correction and trend is strong but volume is unsatisfactory The open interest is not increasing with trend . Caution note 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 HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Gold is 28801-28655-28626-28557-28509-28351-. Immediate resistance for Gold is 29346
Short term and Intraday Level of GOLD
Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position Gold is in sideways and sellers was at high so for short term better buy above 29523.9 or hold with stop at 28621.0 The next resistance will be at 29229.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 29523.9 with a stop at 28998.9 Below 28863.2 go for sell and put stop at 29387.6
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