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MCX GOLD Tips 1 Kg - Facing strong fibonacci retracement and moving average resistance at current levels. (10th July 2014, Thursday).






  • MCX GOLD 1 KG is facing strong fibonacci retracement (61.8% golden ratio) resistance at current levels, stock holds this level from last few days, Gold will favor bull once it closes above and must stays above its resistance, till then gold can come down.
  • Daily chart also indicates that stock also facing strong 50 days moving average resistance at current levels. Once starts trading above 50 DMA only then GOLD will favor bulls.
  • Weekly chart indicates stock is facing strong 23.6% fibonacci retracement and 10 days moving average resistance at current levels. Closing above that in weekly chart will take gold further up. Close Watch.



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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.