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MTECHTIPS:-Technical Comment For The Day: Gold

MTECHTIPS:-Technical Comment For The Day: Gold
Gold appreciated in intraday trades on MCX. The session on Friday was critical in terms of trading swings. The prices ended the day at Rs 25122 per 10 grams on 10 August 2015 against Rs 24895 per 10 grams on 7 August 2015. Resistance for Gold is towards Rs 25199 and Rs 24876 per 10 grams. Supports in Gold towards Rs 25000 are active. Gold price tested a high of Rs 25200 per 10 grams on 10 August 2015 and a low of Rs 24750 per 10 grams. Open Interest for October contract was at 8953 as on 10 August 2015 against 9110 on 7 August 2015.
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