18 June 2016

Weekly Commodity Report 20 June 2016 to 24 June 2016

Weekly Support & Resistance for Gold & Silver

Resistance: 31200-31500

Pivot: 30500

Support: 30000-3030

Gold: Last week MCX Gold price rose after fear of Britain exit from EU and only 2 possible rate hikes by Fed hints in the year 2016. Upcoming week gold may trade on higher note with buy on dips strategy. Next week’s major US economic data to be released.

Silver : last week silver rose and made high around 42441 after this sharp move some consolidation expected in the range of 40400-42500.


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