Tuesday, 3 February 2015

Precious Metals Report on Commodity Market

Gold could trade range bound to weak as the Dollar remains firm. Support is at 1272.7 and 1257.0. Resistance is at 1280.9 and 1287.3. MCX Gold could trade range bound to weak. Support is at 27753 and 27665. Resistance is at 28010 and 28211. The Rupee has appreciated against the US Dollar today and could limit upside.

Silver could trade range bound to weak as the Dollar remains firm. Support is at 16.71. Resistance is at 17.43. MCX Silver could trade range bound to weak. Support is at 37332 and 36797. Resistance is at 38401 and 38984. The Rupee has appreciated against the US Dollar today and could limit upside.

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