Tuesday, 1 December 2015

Today's Gold and Silver Commodity Market Updates

Gold:
Sustenance below 24950 will lead to further weakness in Gold prices. The counter will slip towards 24800/24650 levels in that case. Intraday pullback rallies towards 25125/25150 can be seen in the counter. The outlook though will remain negative until prices stay below resistance at 25300 levels.

Silver:
Silver prices will remain range bound until counter holds on to support around 33150. Dips will find support between 33250--33150 zones. A decisive breakdown below 33100 will lead to a breakdown towards 32550/32050 levels. Resistance is seen at 33950--34200 zones.

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