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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 Friday. The session Friday was critical as Gold moved past Rs 27100 on closing basis. Gold prices were seen at Rs 27239 on 21 August 2015 against Rs 26849 per 10 grams on 20 August 2015. Resistance for Gold is towards Rs 27350 and Rs 26450. Supports in Gold towards Rs 26700 are active. Gold price tested a high of Rs 26330 per 10 grams on 21 August 2015 and a low of Rs 26851 per 10 grams. Open Interest for October contract was at 8663 as on 21 August 2015 against 8934 on 20 August 2015.
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