Thursday, 5 November 2015

Daily Commodity Gold and Silver News Provider

Gold could remain range under pressure from weak technicals and outflows from exchange-traded funds (ETFs). Firm US Dollar could also support downside. Key intraday support is at 1112.0. A close below could pull prices to 1097 levels. Resistance is at 1130.0. MCX Gold could also remain range bound to weak, tracking weak overseas prices. Key intraday support is at 26000. A close below could pull prices to 25750. Key intraday resistance is at 26250.

The Gold – Silver ratio declined Tuesday. The ratio is trading in a small range and either side breakouts could give us further cues. 

Silver could continue range bound to weak. Key intraday support is at 15.20. A close below could pull prices to 15.00. Key intraday resistance is at 15.44. MCX Silver could trade range bound to weak, tracking weak overseas prices. Key intraday support is at 35815. A close below could pull prices to 35200. Key intraday resistance is at 36360. 

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