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

goldGold prices have close just on the opening prices forming a perfect Doji candle, which indicated uncertainty in the direction. However, bias remains on negative for gold with close below 9 DMA, dropping RSI and downtrend signal from ADX. Thus on can sell Gold on every rise below 14650 levels, targeting 14350 in near term.

Silver Prices have remained below support 22400 levels giving a low of 22074, but closed higher at 22297. However, the bias remains on negative with dropping RSI and rising ADX with –DI. Thus one can sell Silver on rise between 22400- 600 levels, targeting 21700 in near term.