Bullion Market Report As On 22 Jan 2015

Reading Time: < 1 minute

February gold closed slightly higher on Wednesday as it extends the rally off November’s low. The mid-range close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastic and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Stochastic and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. First resistance is at 1305. Second resistance is at 1315. First support is at 1285. Second support is at 1270.
March silver closed higher on Wednesday as it extends this month’s rally. The mid-range close set the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastic and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Stochastic and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. First resistance is at 18.35. Second resistance is at 18.45. First support is at 17.90. Second support is at 17.60.
Source:RSBL

Share on

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu