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Gold Technical Comment For 03 Aug 2015



Gold appreciated in intra day trades on MCX. The session for Friday was critical in terms of trading swings. The prices ended the day at Rs 25009 per 10 grams on 31 July 2015 against Rs 24911 per 10 grams on 30 July 2015. Resistance for Gold is towards Rs 25150 and Rs 25200. Supports in Gold towards Rs 24800 are active. Gold price tested a high of Rs 25189 per 10 grams on 31 July 2015 and a low of Rs 24705 per 10 grams. Open Interest for October contract was at 7937 as on 31 July 2015 against 6788 on 30 July 2015.
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