MTECHTIPS MCX GOLD INTRADAY trading tips 08-08-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 08-08-2018

MTECHTIPS   Gold is bearish for medium-long term .Currently 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 Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 29252.Resistance for the Gold is 29788-29852-30093-30525-30810-30870-

Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG position Gold is in profit booking mode so either sell of or keep stop at29574 so better sell and enter at lower level The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 29737 with a stop at 29497 Below 29456 go for sell

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