MTECHTIPS MCX GOLD INTRADAY trading tips 16-08-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 16-08-2018

MTECHTIPS   Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above30108 or buy with strict stop at 29252. 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 29562-29514-.Resistance for the Gold is 29915-30412-30712-30825- Short term and Intraday Level of GOLD Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29649 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 29891 with a stop at 29627 Below 29578 go for sell with a stop at 29843

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