Gold: The counter has entered a new territory making a new high 16009 and closed above 15900. The counter has support at the 7 DMA of 15796. The RSI and ADX continue to indicate uptrend. Thus prices are expected to take support of the 7 DMA and move up targeting 16250 in near term.

Silver: The counter has entered a new zone making a new life time high of 27792 and closed at 27622. The counter is bullish with RSI above 85 (over bought) and rising ADX. The counter has strong support at 7 DMA of 26930, thus the uptrend remains intact above the same. The counter is expected to continue its uptrend for the day, thus one can remain in buy at dips targeting 27800 and 28000.