Thursday, 17 December 2015

Commodity Market Updates on Gold and Silver

Further weakness in Gold is likely only if prices start to trade below 25150 levels today. Prices will correct towards 25000/24926 levels on a decisive breakdown below this support. Momentum above 25425 will push prices higher towards 25610/25714 levels.

Silver prices can test its resistance between 33750—33800 zones. A near term reversal in the counter is likely only on a daily close above 34000 levels. A daily close below 33100 will lead to a breakdown in the counter. Until then 33400—33150 zones will act support on dips.
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