Bullion Market Report As On 26 Sept 2014

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Market Commentary
December gold closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Overall the technical indicators point out that neutral to bullish hinting that a low might be in or is near. First resistance is at 1235. Second resistance is at 1245. First support is at 1215. Second support is at 1200.
December silver closed lower on Thursday as it extended this year’s decline. Overall the technical indicators point out that neutral to bullish hinting that a low might be in or is near. First resistance is at 17.85. Second resistance is at 18.20. First support is at 17.35. Second support is at 17.05.
Source: RSBL

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