MCX Gold February 2018 Weekly: Accumulate

Report for Date: 22/01/2018

MCX Gold February 2018 Weekly: Accumulate

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

Trend line breakout situation have been witnessed.

Expect higher range of 29887-30187 to be tested.

Traders by chance long on own and holding the same can maintain the stop loss at 29000.

Weaker opening and correction to 29718-29587 can be used for buying with a stop loss of 29000.


TREND INFORMATION WITH WEEKLY LEVELS

STRATEGY	CLOSE	DRV	TREND*	Trend Price	Trend Date	L1	L2	CP	L3	L4
Hold Long	29755.0	29132.0	UP	29156.0	29.12	29287	29587	29718	29887	30187

*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
29755.0	0.7	31340000	-14.6	6096	3.4	Positive	Addition Long

TECHINCAL INDICATORS TABLE

RSI	1-ROC-RSI	Stochastic	1-ROC- Stochastic	MACD	1-ROC MACD	RS	1-ROC RS
57.25	4.03	95.48	7.61	53.31	490.1	59.14	17.01

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.