Thursday, 20 November 2014

Technical Comment For The Day: Gold

Gold moved higher and ended the day at Rs 26463 per 10 grams, against Rs 26711 per 10 grams a day before. From here the prices can look to move towards Rs 26400 and 26366 per 10 grams that are the immediate supports. On the higher side, the resistance for Gold is at Rs 26780 per 10 grams. The volumes for Gold were 17269 on 20 November against 25380 on 19 Nov 2014. The prices tested a high of Rs 26617 and a low of Rs 26366 per 10 grams. Open interest moved down and was at 8158 lots.

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