Expert Analysis for Gold and Silver Futures Trading

goldGold: The Gold prices have moved out of the flag with close below 7 DMA, thus prices may move negative below the support of 15630. The RSI and +DI are also seen sloping downwards. Breaching 15630 prices can trigger downside till 15550-500.

Silver: The Counter is seen resting at the upper levels, but looking at the overbought RSI correction is due. Thus breaching the support at 26071 and 7 DMA (26080), prices can correct till 25675 (38% retracement form the top).