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

Bullion Update, Precious Metals Trading and Market Outlook: Nirmal BangGold: The counter is being range bound at the higher levels between 15750-880. The RSI is in the positive territory and ADXstillindicatesuptrend in the counter, thus any dip above 15650 (trend line support)can be a buying opportunity. Breaching 15890levels can trigger fresh upside in thepricestill 16150.

Silver: The counter looks shakyat the higher levels with close below the 7 DMAand RSI cross below the MA, however support is seen fromthe trend line around 26900. Thus fresh buying can be done only on close above the 7 DMA of 27285.