MTECHTIPS MCX GOLD INTRADAY trading tips 02-08-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 02-08-2018

MTECHTIPS   Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 29252.Resistance for the Gold is 29903-29964-30227-30670-30900-30908-

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 29729 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal Intraday Trend- Buy is advised above 29646 with a stop at 29280 Below 29198 go for sell

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