Wednesday, 23 July 2014

Commodity Gold and Silver Market Updates

Gold prices traded with a negative bias throughout yesterday’s session. Prices have immediate support around 27750 levels. A correction can be seen once prices break convincingly below this level. The counter is facing resistance around 28000-28050 levels on the upside.

Silver tested its immediate support around 44700 levels but buying at lower levels saw prices pullback to 45100. Prices have to sustain above 45000 levels for a rally towards 45350/45500. Immediate support at 44700-44600.

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