MCX Gold October 2017 Weekly: Accumulate

Report for Date: 04/09/2017

MCX Gold October 2017 Weekly: Accumulate

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

Trend line breakout attempt is being witnessed.

Traders long and holding the same can maintain the stop loss at 28777.

Accumulate at 29644-29352 with a stop loss of 28777.

Expect higher range of 30116-30880 to be tested.

TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	29823.00	28887.76	UP	29203.0	11.08	28588	29352	29644	30116	30880

*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
29823.0	2.2	54374000	25.5	7376	4.1	Positive	Addition Long

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
61.68	11.55	84.04	-0.85	92.84	558.88	58.84	56.51

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.