Bullion Update and Market Outlook: Nirmal Bang

goldGold Prices remained positive yesterday closing above the 7 DMA of 14900. The RSI is seen taking support at the earlier resistance, while ADX still indicate strength in the uptrend. Thus prices may test 15100-150 levels in near run, if prices maintain above 14800 levels.

Silver Prices are maintaining above the trend line and steadily moving up. The RSI and MACD also are rising after the positive break-out. Thus the counter looks strong above 22400 levels, targeting 23200 levels in near term. Therefore one can remain long in Silver above 22400.