Tuesday 8 April 2014

Copper Technical Comment For 9th April


Gold closed the last session trades in green. The prices of MCX Gold closed at Rs 28477 per 10 grams, up 0.53%. The prices of Gold moved higher for the fifth consecutive session. As was expected Gold has now overtaken Rs 28450 per 10 grams and now looks strong enough to break Rs 28700 per 10 grams. The prices have their 38.2% retracement level at Rs 28901 per 10 grams. Relative Strength Index of 40 indicates fresh gains in Gold are possible. Meanwhile the 10 day Exponential moving average is near to the Fibonacci levels.



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3 comments:

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