Bullion Update and Market Outlook: Nirmal Bang
Gold: The Gold prices have inched up higher to 15020 during the day, and closed near the previous close. However the prices are still above the triangle and above all the averages. The RSI is also seen rising upwards. Thus the bias remains on the upside targeting 15150-200 levels in the near term.
Silver: Silver prices inched higher yesterday making a new high of 23780, however closed lower above the open. The bias remains on the upside, with rising RSI and rising ADX. Thus one can remain long in the counter above 23200, targeting 24000 in near term.