MTECHTIPS MCX GOLD INTRADAY trading tips 07-09-2018

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MTECHTIPS MCX GOLD INTRADAY trading tips 07-09-2018

MTECHTIPS    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 and closed above 1 month high with volume signals up breakout.Positionally Support for the Gold is 30424-30188-30057-29849-29848-29711-. Immediate resistance for Gold is 30823 Short term and Intraday Level of GOLD Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position Gold has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 30820 with stop at 30070 The oscillator is showing SELL signal Intraday Trend- Buy is advised only above 30820 with a stop at 30380 Below 30274 go for sell and put stop at 30714

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