-Technical Comment For The Day- Gold
MTECHTIPS:-Technical Comment For The Day: Gold
Gold lost in intraday trades on MCX on Tuesday. The session Tuesday was critical as Gold moved below Rs 27000 on closing basis. Gold prices were seen at Rs 26740 on 25 August 2015 against Rs 27448 per 10 grams on 24 August 2015. Resistance for Gold is towards Rs 27000 and Rs 27250. Supports in Gold towards Rs 26700 are active. Gold price tested a high of Rs 27345 per 10 grams on 25 August 2015 and a low of Rs 26662 per 10 grams. Open Interest for October contract was at 7708 as on 25 August 2015 against 8827 on 24 August 2015.