Monday, 25 January 2016

Best Trading News on Commodity Gold and Silver

Best Trading Tips on Commodity Market Only at

MCX Gold on hourly chart suggests that prices are likely to remain capped under crucial resistance of 26450 levels. Moreover, on COMEX GOLD it has faced strong resistance at $ 1110 levels. Hence, bias could turn on the downside till 25600 levels. Furthermore, the momentum indicator RSI has remained below 50 levels on hourly chart which gives negative confirmation to the prices. For now we expect prices should move lower towards 25600 levels in the coming trading sessions.

MCX Silver prices couldn’t sustain at its resistance at 34750 levels. The counter has witness a pullback rally towards 34870 levels. Failure to sustain at higher levels can be sold into by day traders. Hence bias could turn on the downside till 33450 levels. Prices are trading below 25 EMA on hourly chart. The momentum indicator RSI has remained below 50 levels on hourly chart which gives negative confirmation to the prices. For now we expect silver prices to drift lower towards 33450 levels in few trading sessions.

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