Monday, 11 January 2016

Daily Commodity News on Precious Metals

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Gold:
Gold prices have retraced from its highs at 26123 levels. Sustenance below 25900 levels will see prices slip towards major support areas around 25750 levels. Pullback rallies from lower levels will push prices higher towards 26120—26220 levels. We expect the counter to face selling at higher levels.

Silver:
Silver prices have retraced from its resistance at 34500. The counter can bounce until prices hold on above 33630 levels. Areas between 34390—34500 are strong resistance for the counter. A daily close below 33600 will push prices lower towards 33290/33150 levels.

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