Expert Analysis for Gold and Silver Futures Trading

Gold BarsGold prices traded weak during the day, but moved up for closing unlike the previous few sessions. Thus lead to a cross-over on upside in RSI with MA. The prices for the first time in the week closed above the middle line of the Bollinger Band, bring in positive sentiments. Thus one can buy gold at lower levels around 14580-620, targeting 14750 on upside.

Silver Prices moved lower during the day, but sharply bounced back closing higher at 23948. Thus lead to positive cross over in RSI. This indicates positive for Silver Prices. Therefore one can remain long in Silver at lower levels for upside of 24350-400 levels.