Wednesday, 30 July 2014

Commodity Gold and Silver Market Updates

Gold prices are expected to have intraday resistance at 27950 and prices are expected to trade lower towards 27700 and 27600 as far as prices don’t give breakout above 28100. Only a breakout above 28100 can take prices further higher towards 28280.

Silver prices tested the neckline of the head and shoulder pattern. Prices are expected to have intraday resistance near 44600 and selling can be seen there. Prices on downside can test 44100 and 43900. Prices should not move above 45000 to maintain negative outlook for the day.

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