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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 saw Gold moving close to Rs 26700 on closing basis. Gold prices were seen at Rs 26682 on 31 August 2015 against Rs 26623 per 10 grams on 28 August 2015. Resistance for Gold is towards Rs 26750 and Rs 26780. Supports in Gold towards Rs 26600 are active. Gold price tested a high of Rs 26750 per 10 grams on 28 August 2015 and a low of Rs 26523 per 10 grams. Open Interest for October contract was at 7718 as on 31 August 2015 against 7730 on 28 August 2015.
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