Expert Analysis for Gold and Silver Futures Trading

goldGold: The counter has given a break out above the resistance with a close of 15112 on Friday. The RSI also have crossed the resistance at 60 levels and moved out. The +DI also have lifted up with rise in prices. Thus the overall sentiments in the counter are bullish targeting 15250 in the near term.

Silver: The prices rallied upwards maintaining itself above the 23325 levels; this indicates strength in the counter. The RSI have moved above the MA while the +DI have picked up with rise in prices. Thus the prices are expected to move up towards 24200 levels with above the 23300-400 support of 7 and 21 DMA.