Bullion Market Report As On October 10,2014

Reading Time: < 1 minute

December gold closed sharply lower on Friday as it extends the decline 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 are possible near-term. First resistance is at 1211. Second resistance is at 1230. First support is at 1180. Second support is at 1170.
December silver closed lower on Friday as it extends this summer’s decline. Overall the technical indicators point out that neutral to bearish signaling that sideways to lower prices is possible. First resistance is at 17.20. Second resistance is at 17.35. First support is at 16.60. Second support is at 16.50.
Source:RSBL

Share on

Leave a Comment

Your email address will not be published.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