Friday, 4 December 2015

Today's Gold and Silver Commodity Market Updates

Gold:
Sustenance below 24900 will lead to further weakness in Gold. Prices will slide towards 24660/24548 levels in that case. Intraday pullback rallies can be seen from lower levels but the counter will face resistance around 25010—25050 areas. Traders should look to sell into weakness after pullback rallies.

Silver:
Silver should slide lower towards 33620/33410 levels gradually. Intraday pullback rallies will face resistance between 34100/34200 zones. Traders can look to sell into intraday pullback rallies towards these zones. A near term reversal will be seen only if prices close above 34580 levels.

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