Expert Analysis for Gold and Silver Futures Trading

Expert Analysis for Gold and Silver Futures TradingGold gave one more candle within the same range. The bias remains on downside with dropping RSI and MACD below Zero line. Thus rally would begin on the break-down from the 14400 levels. Prices could test 14250 levels on breaching the 14400 levels.
Silver Prices breached the support line at 21460-480 levels, but closed above the trend line. However the bias continues to remains on the downside, with dropping RSI and The rising ADX with –DI indicate strength in the downtrend. Thus prices are expected to remain below 21750 levels and test the 21000 levels in near term.