MTECHTIPS MCX GOLD INTRADAY trading tips 07-08-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 07-08-2018

MTECHTIPS   Gold is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 29252.Resistance for the Gold is 29814-29861-30129-30557-30834-30879- Short term and Intraday Level of GOLD Currently Gold is in HOLD SHORT position Gold is moving sideways so short term investor better to buy only above 29760 with stop at 29369 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 29815 with a stop at 29506 Below 29442 go for sell

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