MTECHTIPS MCX GOLD INTRADAY trading tips 02-04-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 02-04-2018

MTECHTIPS   Gold is in strong uptrend with good momentum 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 30227-29781-29613-.Resistance for the Gold is 30572-30595-30650- Short term and Intraday Level of GOLD Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 30743 The oscillator is showing SELL signal Intraday Trend- Buy is advised above 30563 with a stop at 30300 Below 30253 go for sell

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