Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang

Bullion Update, Precious Metals Trading and Market Outlook: Nirmal BangGold prices traded weak yesterday, resisting the 21 DMA and taking Support near the previous low. The prices are seen forming a triangle. The RSI is dropping while the MACD has entered in to the negative territory below Zero line. Thus breaching 14400 can trigger fresh selling in Gold targeting 14320 and 14250.

Silver prices continued the downfall breaching the support at 21750. The ADX indicates strong downtrend, Even RSI is dropping which indicate selling in the counter. The downfall is expected to continue further till 20700, the support of the channel. Thus sell on every rise till 22150.