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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 Monday. The session Monday was critical as Gold moved past Rs 27400 on closing basis. Gold prices were seen at Rs 27448 on 24 August 2015 against Rs 27349 per 10 grams on 21 August 2015. Resistance for Gold is towards Rs 27450 and Rs 26580. Supports in Gold towards Rs 26200 are active. Gold price tested a high of Rs 27833 per 10 grams on 24 August 2015 and a low of Rs 27213 per 10 grams. Open Interest for October contract was at 8827 as on 24 August 2015 against 8663 on 21 August 2015.
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