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MTECHTIPS:-Technical Comment For The Day: Gold

MTECHTIPS:-Technical Comment For The Day: Gold

old gained in intra day trades on MCX on Monday after two consecutive days of losses. The session Monday was critical as Gold moved past Rs 26000 on closing basis. Gold prices were seen at Rs 26032 on 17 August 2015 against Rs 25768 per 10 grams on 14 August 2015. Resistance for Gold is towards Rs 26100 and Rs 26120. Supports in Gold towards Rs 25850 are active. Gold price tested a high of Rs 26087 per 10 grams on 17 August 2015 and a low of Rs 25880 per 10 grams. Open Interest for October contract was at 8889 as on 17 August 2015 against 8367 on 14 August 2015.
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