Precious Metals Technical Report september 08,2015 - Emkay Commotrade-Shanghai Metals Market

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Precious Metals Technical Report september 08,2015 - Emkay Commotrade

Industry News 09:53:09AM Sep 09, 2015 Source:SMM

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.


Precious Metals Technical Report september 08,2015 - Emkay Commotrade

Industry News 09:53:09AM Sep 09, 2015 Source:SMM

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.