Bullion Market Report As On Feb 4,2015

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April gold closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices is possible near-term. First resistance is at 1275. Second resistance is at 1290. First support is at 1250. Second support is at 1240.
March silver closed slightly higher on Tuesday. The low-range close set the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices is possible near-term. First resistance is at 17.45. Second resistance is at 17.65. First support is at 17.05. Second support is at 16.95.
Source: RSBL

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