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Gold Technical Comment For 08 July 2015



Gold slipped sharply lower on Wednesday and prices settled at Rs 26032 per 10 grams. The interesting fact is that Gold breached Rs 26000 per 10 grams levels that have been an important support. Though the prices moved back, but now it is clear that the vulnerability will increase in coming sessions. MCX Gold tested a high of Rs 26285 per 10 grams and a low of Rs 25883 per 10 grams. Volumes almost doubled to 16872 in 7 July 2015 in lots against 9856 on 6 July 2015.
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