MTECHTIPS MCX GOLD INTRADAY trading tips 06-07-2017


MTECHTIPS MCX GOLD INTRADAY trading tips 06-07-2017

MTECHTIPS Mcx Gold is bearish for medium-long term .Currently Gold is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Gold is now trading in oversold level. The Gold is now trading in oversold level. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.Positionally Immediate support for Gold is 27893.Resistance for the Gold is 28549-28611-28719-28836-28848-28890-

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 28275.0 The Gold is now trading is approaching oversold level. The oscillator is showing SELL signal

Intraday Trend- Buy is advised above 28265.4 with a stop at 27999.9 Below 27949 go for sell

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