Home / TIPS / MTECHTIPS MCX GOLD INTRADAY trading tips 18-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 18-08-2017

MTECHTIPS MCX GOLD INTRADAY trading tips 18-08-2017

MTECHTIPS  Gold is in strong 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 BUY signal For short term The current position is BUY .Positionally Support for the Gold is 28699-28591-28511-28418-28414-28391-. Immediate resistance for Gold is 29412Short term and Intraday Level of GOLD Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 29295.0 with stop at 28800.0 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level

Intraday Trend- Buy is advised only above 29362 with a stop at 29016.7 Below 28940.6 go for sell and put stop at 29285.7

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