MTECHTIPS MCX GOLD INTRADAY trading tips 04-09-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 04-09-2018

MTECHTIPS    Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. 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 The current position is BUY .Positionally Support for the Gold is 29866-29843-29699-29622-.Resistance for the Gold is 30472-30700- 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 30097 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level Intraday Trend- Buy is advised above 30540 with a stop at 30190 Below 30114 go for sell with a stop at 30464

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