Precious Metals Technical Report september 08,2015 - Emkay Commotrade

Published: Sep 9, 2015 09:53

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We reiterate out negative view on Gold until prices stay below 26700 levels Intraday rallies towards 26640-26680 areas will face selling pressure.

By Paul Ploumis 08 Sep 2015 Last updated at 08:05:47 GMT

Daily Commodity Technical

Gold –Daily Chart

gold 08.jpg

Gold: We reiterate out negative view on Gold until prices stay below 26700 levels Intraday rallies towards 26640-26680 areas will face selling pressure. Sustenance below 26350 will see prices weaken towards 26200/26150 levels A decisive breakout above 26700 will take prices higher towards 26840/27050 levels

Silver –Daily Chart

silver 08.jpg

Silver: Failure to break below 35300 will see Dec. Silver prices rebound further towards its resistance areas between 35740-35860 levels. Selling can be seen as prices approach higher level

Courtesy : Emkay Commotrade

Emkay Commotrade Ltd.

7th Floor, The Ruby, Senapati Bapat Marg, Dadar - West, Mumbai - 400028.

India Tel: +91 22 66121212 Fax: +91 22 66121299s The major trend remains down and the same will resume once prices break below 34800 levels decisively.

gold price silver price precious metals prices Emkay Commotrade

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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