Tuesday, 29 December 2015

Gold and Silver Commodity Market Updates

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Gold prices needs to breakout above 25250 to rebound towards 25397/25415 levels. Any major upside in the counter is likely only once prices register a daily close above 25415 levels. A break below 25050 will push prices lower towards 24740 levels again. The broader view for the counter will remain negative until prices stay below 26000 levels.

Silver prices are trading below its immediate support at 33850. Sustenance below this level will push prices lower towards 33424/33150 zones again. Buying at support can lead to a sharp intraday bounce in the counter. The pullback rally will advance further only once prices breakout above 34500.

1 comment:

  1. The benchmark indices settled at record closing highs with the Nifty50 touching its crucial 10,500 in last leg of trade, but ended below that mark.
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