MCX Gold February’17: Expect Higher Range To Be Tested 24 Jan 2017 9:47 am   0 Comments  |   Post Comment  |  Font Size A A A  Report for Date: 24/01/2017 MCX Gold February’17: Expect Higher Range To Be Tested MCX Gold (Price figures below are in Rs/INR per Kg) Traders long and holding the same can maintain the stop loss at 28460. Expect higher range of 28890-29097 to be tested. Support will be at 28870-28683. TREND INFORMATION WITH INTRA-DAY LEVELS STRATEGY CLOSE DRV TREND* Trend Price Trend Date L1 L2 CP L3 L4 Hold Long 28803.0 28351.8 UP 27570.0 2.01 28476 28683 28770 28890 29097 *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 28803.0 0.6 8907000 12.1 7242 9.9 Positive Addition Long TECHINCAL INDICATORS TABLE RSI 1-ROC-RSI Stochastic 1-ROC- Stochastic MACD 1-ROC MACD RS 1-ROC RS 66.85 5.15 59.40 -9.50 227.18 8.93 70.53 12.47 Note: Red Color Bar= Down Trend, Green Color Bars= Up Trend, Blue Color Bars= Sideways(Trend could be up or down), Pink Color line= DRV, V marked= Increase in Volume in relation to last few days. 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. Blue Color dots above the price are profit booking alerts. Purple dot on the charts are swing top/bottoms could be in place. 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. View Full Image Read Disclaimer   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 TechAnalysis Report Precious Metals Silver (May 24) Bullish Trend / Buy o... Precious Metals Gold (Jun 24) Bullish Trend / Buy-on-... Precious Metals Silver (May 24) Bullish Trend / Buy o... Precious Metals Gold (Jun 24) Bullish Trend / Buy-on-... Precious Metals Silver (May 24) Bullish Trend / Buy o... more Top 5 News Cotton Candy (May 24) Bearish Trend / Sell on Rise / K... Mentha Oil (Apr 24) Neutral Trend / Buy at CMP / Price... Base Metals Zinc (Apr 24) Bullish Trend / Buy on Dips... Base Metals Lead (Apr 24) Bullish Trend / Buy on Dips... Base Metals Copper (Apr 24) Bullish Trend / Buy on Di... Top 5 Special Reports US cotton net export sales for April 5-11 at 146,100 RB... US soybean net sales for April 5-11 at 485,800 MT, up 5... Black Matpe (Urad) SQ Burma (CNF$) Positive Trend / Ne... Rice Bran Refined Oil (Ludhiana) Bullish Trend Reversa... Mumbai Black Matpe (Urad) Trending Higher / Next Resis...