Monday, 11 August 2014

Commodity Gold and Silver Market Updates

Gold prices could not sustain above 29040 and profit booking emerged there.Today prices are expected to have resistance at 27650-27680 and selling should emerge there. On lower side prices can have support at 28310 and recovery can be seen there. Prices are expected to remain weak till it manage to trade below 28800 for the day.

Silver prices are expected to have resistance at 43650-43700 and selling should emerge there. Prices on lower side have support at 43000 and 42700. Prices are expected to remain weak till it trades below 44100 and only a breakout above this level can turn outlook positive.

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