MTECHTIPS MCX GOLD INTRADAY trading tips 16-04-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 16-04-2018

MTECHTIPS   Gold is in strong uptrend but volume is unsatisfactory 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 Gold is in HOLD LONG position.Positionally Support for the Gold is 30743-30684-30508-30390-30095-29746-. Immediate resistance for Gold is 31688

Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG position Gold is in profit booking mode so hold with stop at 30922 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 31354 with a stop at 30969 Below 30882 go for sell and put stop at 31267

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