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MTECHTIPS:-Technical Comment For The Day: Gold

MTECHTIPS:-Technical Comment For The Day: Gold

Gold gained in intraday trades on MCX on Thursday. The session Thursday was critical as Gold moved past Rs 26800 on closing basis. Gold prices were seen at Rs 26849 on 20 August 2015 against Rs 26196 per 10 grams on 19 August 2015. Resistance for Gold is towards Rs 26900 and Rs 27000. Supports in Gold towards Rs 26600 are active. Gold price tested a high of Rs 26874 per 10 grams on 20 August 2015 and a low of Rs 26200 per 10 grams. Open Interest for October contract was at 8934 as on 20 August 2015 against 9254 on 19 August 2015.
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