Friday, 15 January 2016

Daily Commodity News on Precious Metals

Gold:
Gold prices have managed to rebound from its support around 25500 levels. Momentum above 26000 will see prices re-test its recent swing highs at 26123 levels. The counter is likely to face resistance as prices approach 26100 areas. Weakness below 25790 will push prices lower towards 25550/25500 levels.

Silver:
Silver moved higher once prices broke above its resistance at 33650 levels yesterday. Sustenance above 33900 on dips will see prices rally further towards 34400/34531 levels. A daily close above 34600 will open upside targets of 35140/35359 levels. Weakness below 33900 will push prices lower towards 33550/33400 levels again.

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