Gold prices moved up during the previous day, but closed lower. But prices are seen taking support at 14600 at closing. In the previous week Gold prices were seen taking resistance at 14900 levels. The ADX is also lying below 20, with no directional signal on either side. Thus Gold is expected to trade range bound within the range. Breaching the 14600 levels in close can trigger southwards movement in gold.

Silver Prices have breached the trend-line, but prices are seen taking Support at the earlier peaks around 23150 levels. Silver prices are expected to trade range bound today between 23150-23800. Breaching 23800 levels, silver prices can resume its upward trend.