Friday, 6 November 2015

Daily Commodity Gold and Silver News Provider

Gold could remain under pressure. Firm Dollar, comments from Yellen and upbeat data could drive prices lower. Investors will await jobless claims data today and payrolls data tomorrow for further cues. Key intraday support is at 1100.0. A close below could pull prices to 1075 levels. Resistance is at 1116.5. MCX Gold could also remain range bound to weak, tracking weak overseas prices. Key intraday support is at 25695. A close below could pull prices to 24990 levels. Key intraday resistance is at 25990.

Silver ratio rose Wednesday. The ratio still remains 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 14.95. A close below could pull prices to 14.70. Key intraday resistance is at 15.30. MCX Silver could trade range bound to weak, tracking weak overseas prices. Key intraday support is at 35150. A close below could pull prices to 34450. Key intraday resistance is at 35655 and 36000.

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