Tuesday, 24 November 2015

Commodity Market updates on Gold and Silver

MCX Gold Oct daily chart. It suggests that prices are making lower highs and lows on short to medium term. It is expected to remain capped under crucial resistance of 25500 levels. It has potential to decline further till 24970 and 24660 levels. Thus, bias is on the downside.

MCX Silver daily chart. It suggests that prices are capped under crucial resistance of 34500 levels. In the near term, prices are expected fall till lower Bollinger band of 32300 levels. On upside, immediate resistance is located at 34500 levels. Hence, bias is on the downside.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment