Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang
Gold: The counter looks resisting the higher levels, the prices made a new high of 15084 but fell back to 14800 levels. The prices however closed above 14900 levels, which indicate strength in the counter. For the day prices are expected to remain range bound between 15020-14880.
Silver: The counter is looking strong after the correction, prices had moved higher yesterday but closed just above the open. Prices were seen taking support at the Middle line of the Bollinger Band at 23100. The prices are expected to take support at the 22950 levels and move upwards for the day.