Bullion Market Report

Reading Time: < 1 minute

Market Commentary
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
Source:RSBL

Share on

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

Menu