Bullion Market Report

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Market Commentary
December gold closed lower on Friday as it extends the decilne off July’s high. The low-range close sets the stage for a steady to lower opening when Monday’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 1223. Second resistance is at 1239. First support is at 1213. Second support is at 1204.
December silver closed sharply lower on Friday and posted a new low close for the month. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices are possible near-term. First resistance is at 18.40. Second resistance is at 18.60. First support is at 17.15. Second support is at 17.00.
Source:RSBL

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