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MTECHTIPS:-Technical Comment For The Day: Gold

MTECHTIPS:-Technical Comment For The Day: Gold

Gold gained in intra day trades on MCX on Wednesday. The session Monday was critical as Gold moved past Rs 26100 on closing basis. Gold prices were seen at Rs 26196 on 20 August 2015 against Rs 26008 per 10 grams on 19 August 2015. Resistance for Gold is towards Rs 26160 and Rs 26200. Supports in Gold towards Rs 26000 are active. Gold price tested a high of Rs 26239 per 10 grams on 20 August 2015 and a low of Rs 25919 per 10 grams. Open Interest for October contract was at 9254 as on 20 August 2015 against 8846 on 19 August 2015.
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