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MCX Gold October 2018 Weekly: Expect Lower Range To Be Tested

6 Aug 2018 9:16 am
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Report for Date: 06/08/2018


MCX Gold (Price figures below are in Rs/INR per Kg)


Traders short and holding the same can maintain the stop loss at 30000.

Exit long and sell on rise from 29671-29909 with a stop loss of 30000.

Expect lower range of 29481-29053 to be tested.



TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

DRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

29671.0

30396.8

DOWN

30393.0

13.07

29053

29481

29718

29909

30337


*Trend will remain Down as long as last close is below the pink color DRV. Trend will be Up as long as Price is above DRV.

PRICE, VOLUME AND OPEN INTEREST STRATEGY

Last Close

Price G/L%

Volume

V -G/L%

Open Interest

OI -G/L %

Candle

Position

29671.0

-1.0

28411000.0

277.5

7682.0

50.1

Negative

Addition Short


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

38.93

-6.63

13.26

3.25

-31.31

-163.43

15.69

-15.98







Disclaimer: There is risk of loss in trading in derivatives and the report is not to be construed as investment advice. The information provided in this report is intended solely for informative purposes. The author, directors and other employees of CC Commodity Info Services cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above.


       
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