Gold:
Gold prices have managed to rebound from its session lows at 26913 levels. Any
major upside momentum though is likely only if prices sustain above resistance
at 27120 levels. Failure to trade above this level will see prices slip towards
26900 levels again. A decisive break below 26900 will extend the correction
towards 26750/26700 zones. Momentum above 27120 will take prices higher towards
27210/27300 levels.
Silver: The outlook on silver will be negative until prices stay below 37400 levels. Counter should test immediate support between 36700— 36600 zones. A break above 37400 will see prices head for a re-test of major resistance zones between 37650—37750 levels. A daily close below 36600 will see prices slip towards 36200/36000 levels.
Silver: The outlook on silver will be negative until prices stay below 37400 levels. Counter should test immediate support between 36700— 36600 zones. A break above 37400 will see prices head for a re-test of major resistance zones between 37650—37750 levels. A daily close below 36600 will see prices slip towards 36200/36000 levels.
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