Wednesday, 2 December 2015

Today's Gold and Silver Commodity Market Updates

Gold prices need to sustain above 25550 levels to rebound towards 25730/25800 levels. Until then, intraday rallies will face resistance between 25500—25550 areas. A decisive breakdown below 25300 will push prices lower towards 25100 levels. The broader technical outlook for the counter remains bearish.

Silver prices have strong resistance between 34500—34600 zones. The intraday outlook for the counter will be negative until prices trade below 34600 levels. A decisive breakdown below 34250 will see prices correct towards 34035/33900 levels. A daily close above 34600 will see prices rebound towards 34910/35050 areas.
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