Bullion Market Report As On Sept 9, 2014

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Market Commentary
October gold closed lower on Monday as it extends the decline off July’s high. The low-range close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices is possible. First resistance is at 1265. Second resistance is at 1285. First support is at 1248. Second support is at 1230
December silver closed lower on Monday. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices is possible. First resistance is at 19.20. Second resistance is at 19.45. First support is at 18.85. Second support is at 18.75.

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