Thursday, 10 December 2015

Gold and Silver Commodity Market Updates

Gold:
Gold prices managed to rebound from its support at 25400 levels yesterday. Further upside though is likely only if prices sustain above 25625 levels today. Failure to do so will see prices slide lower towards 25400 levels again. A decisive breakout above 25625 will see prices move higher towards 25800 areas again.

Silver:
Silver will trade with a negative bias until prices trade below 34750 levels. A break below 34200 will open down side targets of 34000/33900 levels. Momentum above 34750 will help the counter rebound towards 35000 levels again.

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