Wednesday, 5 December 2018

MTECHTIPS MCX GOLD INTRADAY trading tips 06-12-2018


MTECHTIPS MCX GOLD  INTRADAY trading tips 06-12-2018


MTECHTIPS    Gold is in long- short-medium- short- term bull phase .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal but has moved past its recent high with good volume points to a positive break out . 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 Gold is in HOLD SHORT position and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 30834-30831-30562-30516-30470-.Resistance for the Gold is 31370- 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 31249 with stop at 30107 The oscillator is showing BUY signal  Intraday Trend- Buy is advised only above 31249 with a stop at 30956 Below 30900 go for sell and put stop at 31193
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