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MTECHTIPS:-Technical Comment for the Day: Gold

MTECHTIPS:-Technical Comment for the Day: Gold

Gold session on Thursday was critical in terms of trading swings. The prices ended the day at Rs 24788 per 10 grams on 6 August 2015 against Rs 24691 per 10 grams on 5 August 2015. Resistance for Gold is towards Rs 24820 and Rs 24870. Supports in Gold towards Rs 24600 are active. Gold price tested a high of Rs 24849 per 10 grams on 6 August 2015 and a low of Rs 24656 per 10 grams. Open Interest for October contract was at 9135 as on 6 August 2015 against 9435 on 5 August 2015
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