Report for Date: 03/12/2019
MCX Gold (Price figures below are in Rs/INR per Kg)
Cover short position at 30244 or below as the opportunity arises.
Expect higher range of 30695-31404 to be tested.
Accumulate at 30438-29986 as the opportunity arises.
The rise was large for the week on C1 chart therefore correction and lower range can be tested before moving higher.
TREND INFORMATION WITH WEEKLY LEVELS
CLOSE
|
WRV
|
TREND*
|
Trend
Price
|
Trend
Date
|
L1
|
L2
|
CP
|
L3
|
L4
|
30244.0
|
31232.4
|
DOWN
|
30726.0
|
23.11
|
29277
|
29986
|
30438
|
30695
|
31404
|
*Trend will remain Down as long as last close is below the pink color WRV. Trend will be Up as long as Price is above WRV.
PRICE, VOLUME AND OPEN INTEREST STRATEGY
Last Close
|
Price G/L%
|
Volume
|
V -G/L%
|
Open Interest
|
OI -G/L %
|
Candle
|
Position
|
30244.0
|
-1.6
|
18081000.0
|
517.7
|
11710.0
|
141.6
|
Negative
|
Addition Short
|
TECHINCAL INDICATORS TABLE
RSI
|
1-ROC-RSI
|
Stochastic
|
1-ROC-
Stochastic
|
MACD
|
1-ROC
MACD
|
RS
|
1-ROC
RS
|
44.05
|
-5.93
|
11.26
|
-0.41
|
143.01
|
-33.50
|
29.16
|
15.56
|
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.