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MTECHTIPS:-Technical Comment for the Day: Gold

MTECHTIPS:-Technical Comment for the Day: Gold

Gold depreciated in intraday trade on MCX. The session on Tuesday was critical in terms of trading swings. The prices ended the day at Rs 24783 per 10 grams on 4 August 2015 against Rs 24922 per 10 grams on 3 August 2015. Resistance for Gold is towards Rs 25850 and Rs 25900. Supports in Gold towards Rs 24700 are active. Gold price tested a high of Rs 24894 per 10 grams on 4 August 2015 and a low of Rs 24725 per 10 grams. Open Interest for October contract was at 8971 as on 4 August 2015 against 8521 on 3 August 2015.
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