Gold: We have seen major spike in the counter after breaching 15200 levels. Currently the counter is seeking immediate support around 15600 levels, while resisting at the 15800 levels. The price are in positive momentum indicating further upside in the counter but the RSI is in over bought zone thus wait for some correction to buy. One can buy around 15450-15500 levels for the target of 16000 in the short run.

Silver: We have seen strong rally in the counter, we expect the same to continue in the near term. However the RSI is in highly overbought zone thus wait for some correction to enter in the counter between 25300 and 25500 For the target of 27000 in the short run. Positive crossed over in +DI and –DI with rising ADX indicate the upside momentum in the counter.