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

Bullion Update, Precious Metals Trading and Market Outlook: Nirmal BangGold: The Counter looks positive with close above the Middle line of the Bollinger band and above all the moving averages. The uptrend in Gold is still intact, thus one could enter at lower levels between 14800-850. Prices are expected to break out above 15000 levels in near term targeting 15150-250.

Silver: The counter is seen taking support at very crucial levels of 22800 (the Middle Line of Bollinger band and earlier support line). Thus prices are expected to move up from here; however breaching 22800 can push prices lower to 22400 levels. The ADX still indicates positive therefore one can enter at 23000 levels with Stop-loss of 22800.