Gold prices gave a sharp spike till 14823 in the later session yesterday. Prices have closed well above the 9 DMA and above the resistance line. Thus the prices have lead to positive crossover of RSI and upside crossover of +DI with –DI. Therefore the indicators have turned positive for Gold. Gold can remain positive above 14600.

Silver prices are seen consolidating for past few sessions. Silver moved higher till 22631 in the previous session but closed lower at 22370. The ADX is seen flat for past two days. Silver prices are between the 50 and 100 DMA. Breaching the 50 DMA at 22727, prices can breakout on upside, While prices are well supported at 22240 (the 50 DMA).