MTECHTIPS MCX GOLD INTRADAY trading tips 05-09-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 05-09-2018

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 29901-29856-29729-29640-.Resistance for the Gold is 30456-30688- 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 at30106 so better sell and enter at lower level 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 30390 with a stop at 30041 Below 29966 go for sell

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