Bullion Update and Market Outlook: Nirmal Bang

Gold futuresGold Prices traded range bound yesterday and closed near the open forming a DOJI. Thus the trend form here remains indecisive. However looking at RSI above 65 and rising ADX, the trend can be upside provided prices maintain above 14830 levels. Thus one can remain long above 14830, subject to breaching this levels prices can fall back to 14750.

Silver Prices remained negative yesterday, however the uptrend remains intact. The prices are expected to take support at 22000 levels. Breaching 21950 can put the prices lower to 21800 levels. Fresh buying can be done in the counter above 22400.