Expert Analysis for Gold and Silver Futures Trading

goldGold: The counter sharply rallied up n fast two sessions, after a long consolidation. The ADX indicate bullish trend in the counter with rising +DI. However the RSI have entered the overbought zone above 80 levels. Thus for the day we can expect some correction, fresh buyer should remain cautioned and enter a dips around 15450-500.

Silver: The counter looks super bullish with all bullish indicators, but the RSI have entered the overbought zone. Thus profit taking can come in at this level. However looking at the trend one can enter a dips around 25000-25400.