Bullion Market Report

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Market Commentary
August gold closed lower on Tuesday but remains above the 20-day moving average crossing at 1265.30. Overall the technical indicators point out that Gold price will move sideways to higher prices in the near term. First resistance is at 1285. Second resistance is at 1305. First support is at 1256. Second support is at 1220.
July Overall the technical indicators point out that Silver price will move sideways to higher prices in the near term. First resistance is at 19.80. Second resistance is at 20.10. First support is at 19.30. Second support is at 18.70.
Source:RSBL

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