METALS: December gold futures closed down $12.20 an ounce at $1,327.00. Prices closed nearer the session low today. A five-week old downtrend is in place on the daily bar chart. The gold market bears have the overall near-term technical advantage.
December silver futures closed down $0.106 an ounce at $21.725 today. Prices closed near mid-range. Silver bears have the overall near term technical advantage. A five- week-old downtrend is in place on the daily bar chart.
Technical levels for 1st Oct, 2013
Metal Support ($/oz) Resistance ($/oz)
Gold 1,317.68 1,347.04
Silver 21.375 22.041
Bullion Market Report