Technical Comment For The Day: Gold (09:31, 24 Sep 2013) A - TopicsExpress

Technical Comment For The Day: Gold (09:31, 24 Sep 2013) A rangebound trading is in progress in Gold contract on MCX. The prices settled at Rs 29874 per 10 grams. A range of Rs 29500 and 30100 is active in Gold. A safe trading tactic can be buying Gold at Rs 29550-29500 levels and exiting from the positions of Rs 29900 per 10 grams. Open interest declined to 7945 contracts against 8007 contracts on 21 September 2013. COMEX Gold contract is at $ 1326.7 per troy ounce, unchanged from last night. Powered by Commodity Insights

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