Thursday, 7 August 2014

Commodity Gold and Silver Market Updates

Gold prices gave breakout above 28300. Today prices are expected to have support at 28400-28450 and buying should emerge there. Prices on higher side can test 28830. Prices should not fall below 28250 to maintain positive outlook for the day.

Silver prices though recovered yesterday but still a weak counter. Prices are expected to have resistance at 44100-44200 and selling should emerge there. Prices have intraday support at 43800 and further selling can be seen below this for 43500. Prices should not move above 44500 to main negative outlook for the day.

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