Tuesday, 10 November 2015

Commodity Market Gold and Silver News Provider

MCX Gold Oct daily chart. Prices have posted straight third week of losses with more than 3.5 percent in the last week. It has immediate support at 25460 levels. If it manage to break that level then it will fall down further till 25030 levels. On upside, immediate resistance is located at 25925 levels. Bias is on downside.

MCX Silver daily chart. It has posted more than 4 percent losses in the last week. It has ended the week at crucial trend line support levels. In the near term, if it manages to break 34800 level then it will further decline till 34425 and 34000 levels. However, holding of 34800 will lead to recovery up to 36000 levels. Hence, 34800 level would act as trend decider.

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