Wednesday, 23 December 2015

Commodity Market Updates on Gold and Silver

Gold:
Gold prices closed with a gain of 1.21% yesterday. Momentum above 25420 levels will push prices higher towards 25525/25623 levels. Intraday outlook for the counter will stay positive until prices stay above 25200. A decisive breakdown below this support will push prices lower towards 25080 levels.

Silver:
We expect Silver prices to test its immediate resistance between 34500—34600 zones. A daily close above 34600 will open upside targets of 35150/35390 levels in the counter. Intraday dips will find support until prices hold on above 33870 levels. A decisive breakdown below this level will push prices lower towards 33450/33300 levels.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment