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MTECHTIPS:-Technical Comment For The Day: Gold

Wednesday, January 20, 2016 23:53

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MTECHTIPS:-Technical Comment For The Day: Gold

Gold gained and recovered on the third trading day of the week. The movement above Rs 26000 per 10 grams are expected to continue reap benefits for Gold as that is an important trajectory broken by Gold in last few weeks. The prices are getting resisted at Rs 26700 and 26750 per 10 grams. On the lower side, support is at Rs 26000 per 10 grams. The prices tested a high of Rs 26658 per 10 grams and a low of Rs 26164 per 10 grams. Open interest gained to 6760 against 5858 on 19 Jan 2016.

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