Wednesday, 16 December 2015

Commodity Market Updates on Gold and Silver

Gold:
Gold prices are trading below its immediate support around 25300 levels. Prices can weaken towards 25190/25144 levels from here on. A daily close below 25150 will see prices re-test its recent swing lows at 24926 levels. Counter needs to breakout above 25320 levels to rebound towards 25450 areas again.

Silver:
The outlook for silver will remain weak until prices trade below 33800 levels. Sustenance below 33380 will push prices lower towards 33150 levels. A sharp bounce cannot be ruled out in case prices test this support. Momentum above 33800 will help the counter rebound towards 34050/34200 zones.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment