Wednesday 15 October 2014

CAPITAL STROKE UPDATE 16 October 2014 : MCX GOLD



CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-27800 R1-27600 S1-27000 S2-26800

Overall trend of the 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 showing BUY signal but has moved past its recent high and the positive trend is still continuing and upward momentum is also developing. 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 .Positionally Support for the Gold is 26780-26759-26742-.Resistance for the Gold is 27521-27576-27698-

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