Tuesday, 15 December 2015

Commodity Market Updates on Gold and Silver

Gold will retrace lower until prices stay below 25525 levels. A decisive break down below 25400 will see Gold prices slip towards next support around 25270 levels. Momentum above 25525 will help the counter rebound towards 25625/25700 levels again. We expect the counter to be range bound for today’s session.

For more tips visit on www.marketmagnify.com

We expect Silver prices to trade weak and move lower towards 33412/33250 levels over the coming sessions. Intraday resistance for the counter is seen between 3416 —34292 areas. Pullback rallies into these zones will find resistance. A daily close above 34300 is required for a reversal in the counter.

No comments:

Post a Comment