Monday 20 October 2014

CAPITAL STROKE UPDATE 21 October 2014 : MCX GOLD




CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28000 R1-27800 S1-27100 S2-26800
The Gold is in long- short-medium- short- term bull phase .Currently Gold is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 27304-26945-26872-26786-.Resistance for the Gold is 27683-

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