Gold Technical Comment For 07 July 2015

Gold closed lower during the last session as prices gained support from day traders. The prices ended the day at Rs 26328 per 10 grams on 6 July 2015 against Rs.26352 per 10 grams on 3 July 2015. Resistance for Gold is towards Rs 26420 and Rs 26500. Supports in Gold towards Rs 26250 is active. Gold price tested a high of Rs per 26375 per 10 grams on 6 July 2015 and a low of Rs 26187 per 10 grams on 3 July 2015. Open Interest for June contract was at 7556 on on 6 July 2015 against 7615 on 3 July 2015.
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