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

Bullion Update, Precious Metals Trading and Market Outlook: Nirmal BangGold Prices closed lower yesterday at 14920, however did not breach the trend line. The RSI is still increasing with positive ADX. Thus the trend remains intact upwards above 14880 levels. Therefore one can remain long in Gold above 14880.

Silver Prices traded upwards range bound forming a Doji, closing near its open. The RSI is rising with positive crossover in MACD. The Prices closing above 22400 is a positive sign. Thus the trend is upwards, prices can take support on downside at 22171 (7 DMA), targeting 22500-700 on upside.