Gold: The prices traded side-ways yesterday giving a new high of 15889 and closed lower at 15721; however prices closed within the flag formation. The prices are closing within the thin range of 15735-15721, thus prices are seen resting at the point. Looking at the Bullish RSI and ADX, prices are expected to move up to 15900 levels with the Immediate support at 15630 levels- 7 DMA. Breaching 15630 prices may correct further till 15500-450 levels.

Silver: Silver prices rallied up to 27018 yesterday but however closed lower at 26472. Prices are expected to remain positive above 26300 levels. However looking at the overbought RSI some correction is expected, thus breaching 26250-300 levels, prices can correct till 25800. Therefore buyers should remain cautioned and book their profits at higher levels.