Gold Technical Comment For 02 July 2015

Gold closed marginally lower during the last session as prices failed to seek support from day traders. The prices ended the day at Rs 26411 per 10 grams on 1 July 2015 against Rs 26471 per 10 grams on 30 June 2015. Resistance for Gold is towards Rs 26500 and Rs 26550. Supports in Gold towards Rs 26250 is active. Gold price tested a high of Rs per 26531 10 grams and a low of Rs 26391 per 10 grams on 1 July 2015. Open Interest for June contract was at on 7629 on 1 July 2015 against 7425 on 30 June 2015.
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