Monday, 16 May 2016
WEEKLY COMMODITY REPORT 16 MAY 2016 TO 20 MAY 2016
Weekly Support & Resistance for GOLD
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GOLD traded in sideways last week in the range of 29600-30300.Buying from lower levels and weak dollar index give strength to gold prices. For the next week major US economic data like CPI, Unemployment claims and fed minutes are the main key events. Gold may be trade in the range of 29600-30200 trading below 29600 will lead to down side to 29200-29100.
Silver: last week silver traded in range 40500-41800 Silver may see some profit booking below 40500 till 40000-39700.