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MCX Gold April 2018 Weekly: Expect Higher Range To Be Tested

4 Feb 2019 9:46 am
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Report for Date: 04/02/2019



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


Hold long position with a stop loss of 32300.

Expect higher range of 33741-34687 to be tested.

Support will be at 32795-32400.

Expect a rally to 35000.


TREND INFORMATION WITH WEEKLY LEVELS

CLOSE

WRV

TREND*

Trend

Price

Trend

Date

L1

L2

CP

L3

L4

33416.0

31693.6

UP

31727.0

7.12

31849

32795

33120

33741

34687


*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

33416.0

3.0

36797000.0

413.3

18533.0

43.6

Positive

Addition Long


TECHINCAL INDICATORS TABLE

RSI

1-ROC-RSI

Stochastic

1-ROC-

Stochastic

MACD

1-ROC

MACD

RS

1-ROC

RS

70.50

11.38

91.33

7.69

466.20

31.29

67.21

18.01


isclaimer: 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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