Bullion Update and Market Outlook: Nirmal Bang

GoldGold prices have breached the upper trend-line resistance at 14624 and closed above that. The RSI also have picked up above the resistance line. The 7 and 21 DMA meet at 14547, thus the prices are bullish above 14550 targeting next resistance at 14780 levels.

Silver Prices are seen steadily rising for past two session, yesterday prices traded positive and closed above the 7 DMA of 21477. Thus prices are expected to remain positive above 21450 levels for the day, but resistance can come in at 21800-850 levels.