Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang

GoldGold prices have moved out of the downtrend and maintaining above 14500 levels. However the ADX is moving flat with no signal on the direction. Therefore, prices may remain positive above 14500, breaching this level can put downwards pressure on Gold till 14350 levels.

Silver Prices are moving in a down-trend taking support at 22400 levels. The ADX is moving flat with no strength in the direction. Prices are expected to trade range bound within 22400-22800 for the day. Breaching 22400 can push prices lower to 22150 and further lower to 21650 levels.