MTECHTIPS MCX GOLD INTRADAY trading tips 08-08-2017


MTECHTIPS MCX GOLD INTRADAY trading tips 08-08-2017

MTECHTIPS  Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above28745 or buy with strict stop at 28009. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 28323-28131-.Resistance for the Gold is 28581-28616-28630-28727-Short term and Intraday Level of GOLD

Gold is in sideways and sellers was at high so for short term better buy above 28681.7 or hold with stop at 28300.0 The next resistance will be at 28630.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 28681.7 with a stop at 28316.5 Below 28233 go for sell and put stop at 28597.8

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