Monday, 21 December 2015

Commodity Market Updates on Gold and Silver

                            www.marketmagnify.com

Gold:
Gold prices closed below its immediate support at 24926 levels yesterday. Intraday pullback rallies will meet resistance between 24930—25000 zones. Sustenance below 24740 will see prices correct towards 24583/24451 levels. The counter needs to sustain above 25100 to rebound towards 25260/25300 levels.


Silver:
Intraday view on silver will remain negative until prices stay below 33500 levels. Until then pullback rallies will face resistance between 33350—33450 zones. Sustenance below 33000 will lead to a major breakdown in the counter towards 32500 levels. A daily close above 33500 will be a positive sign for the counter.


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