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

GoldGold prices traded range bound taking support at the previous low of 14865 and closed above the 7 DMA of 14874. The RSI and ADX still continue to look positive. Thus the prices are expected now to take support at the 14800 levels and move upwards. Prices can move lower on breaching the 14800 levels.

Silver Prices are seen resting at the upper levels between 22350-550. The RSI and MACD are slowing rising. While prices are maintaining above 22350. Thus the bias remains on the upside. Fresh buying can be done above 22580, targeting 22700 on the upside.