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

GoldGold: The counter is seen consolidating at the top, while maintaining above the trend line. The RSI in neutral while ADX is also flat at the current levels. But the prices above the middle line of Bollinger Bang indicate positivity in the counter. For the day prices may remain positive above the 21 DMA of 14880.

Silver: The counter looks positive with close above resistance 23250 levels. The prices are now expected to maintain above the 23250 and move upwards to 23600-700 levels for the day. If prices maintain above the 23000 levels in the short run, we may see upside till 24000 in the counter.