MTECHTIPS MCX GOLD INTRADAY trading tips 22-06-2017


MTECHTIPS MCX GOLD INTRADAY trading tips 22-06-2017

MTECHTIPS Mcx 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 showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 28334.Resistance for the Gold is 28832-28879-28937-28955-28981-29047-

Short term and Intraday Level of GOLD

 

Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 28628.0 The Gold is now trading in highly oversold level. The oscillator is showing BUY signal

Intraday Trend- Buy is advised above 28736.5 with a stop at 28468.9 Below 28418 go for sell

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