MTECHTIPS MCX GOLD INTRADAY trading tips 06-08-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 06-08-2018

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 29839-29891-30156-30588-30856-30885-

Short term and Intraday Level of GOLD Currently Gold is in HOLD SHORT position Gold is showing some Up momentum So buy above 29665 with stop at 29369 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 29880 with a stop at 29536 Below 29461 go for sell and put stop at 29805

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