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Gold Technical Comment For 04 Aug 2015



Gold depreciated in intra day trades on MCX. The session on Monday was critical in terms of trading swings. The prices ended the day at Rs 24922 per 10 grams on 3 August 2015 against Rs 25009 per 10 grams on 31 July 2015. Resistance for Gold is towards Rs 25100 and Rs 25150. Supports in Gold towards Rs 24800 are active. Gold price tested a high of Rs 25030 per 10 grams on 3 August 2015 and a low of Rs 24883 per 10 grams. Open Interest for October contract was at 8521 as on 3 August 2015 against 7937 on 31 July 2015.
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