MCX Gold October 2017 Weekly: Up Trend Resume Above 29410 Closing 7 Nov 2017 10:25 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 06/11/2017 MCX Gold October 2017 Weekly: Up Trend Resume Above 29410 Closing MCX Gold (Price figures below are in Rs/INR per Kg) Trend is down as price is below the DRV. Uptrend can resume above DRV and 29410. Retracement level of the rise from 27603 to 30474 is placed at 29028-28700. Traders can buy above 29410 or exit long on rise till 29410 is not crossed. Retracement levels of 29028 and 28700 can be used for accumulation with a stop loss of 28300. TREND INFORMATION WITH WEEKLY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Accumulate 29088.00 29295.65 DOWN 29088.0 3.11 28627 28968 29189 29309 29650 *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 29088.0 -0.8 37632000 -0.2 6310 15.5 Negative Addition Short TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 48.59 -5.78 15.32 -56.71 177.61 -19.27 45.40 -17.00 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.   Rate this story Rated 0.0    Post comment Comment : Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy. Name :   Email :       Post Comment		Latest Domestic Weekly Technical Analysis MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart MCX : Gold & Silver Weekly Chart more Top 5 News NCDEX : Guar Gum & Guar Seed Weekly Chart NCDEX : Castor Seed Weekly Chart NCDEX Turmeric Weekly Chart* NCDEX : Dhaniya & Jeera Weekly Chart NCDEX : Cotton Seed & Kapas Weekly Chart Top 5 Special Reports US Cotton net export sales for April 12-18 at 177,100 R... US soybean net sales for April 12-18 at 210,900 MT, dow... Black Matpe Polished (AP) Consolidating Above Key Supp... Black Matpe Unpolished (AP) Consolidating in an Uptren... Castor Oil (Kadi) Weak Price Trend / Next Support at R...