Friday, 5 September 2014

Commodity Market Outlook for Today

Gold prices are expected to have resistance at $1266 i.e. Rs.27360-27390 around in MCX and selling can be seen there. Prices on lower side can extend fall towards $1252 i.e. Rs.27200. Prices should not move above $1273 i.e. Rs.27530 to maintain negative outlook for the day.

Silver December prices are expected to have resistance at Rs.42150 and selling can be seen there. Price on lower side can test Rs.41600 and again bounce back can be seen there. Prices should not move above Rs.42450 to maintain negative outlook for the day.

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