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      Technical comment for the day: Gold

      MoM Team / Mumbai, Apr 12, 2017 09:20 AM IST

        Technical comment for the day: Gold

        Gold prices galloped yet again on Tuesday and ended at Rs 29,214 per 10 grams. The prices got underpinned by 1.6 percent. Gain above Rs 29,000 per 10 grams is likely to bring more confidence in the trades.

        Resistance from here will take Gold towards Rs 29,500 per 10 grams while supports are active at Rs 28,765 per 10 grams. Supports for Gold will be at Rs 28,700 per 10 grams.

        Gold tested a high of Rs 29,229 per 10 grams and a low of Rs 28,765 per 10 grams.

         


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      Source: Capital Market



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