Tuesday, 29 December 2015

Gold and Silver Commodity Market Updates

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Gold:
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:
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.

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