Gold: The traded downwards yesterday breaching the trend line support and closed below the short term moving averages. The RSI turned down with fall in prices while ADX gives a negative cross over. Thus the prices are expected to remain side-ways to down and prices can even test 15362 (21 DMA) if prices continue to remain weak below 15650 levels.

Silver: The counter finally moved below the trading range and gave a sharp correction till 26155 yesterday. The RSI dropped significantly with decline in prices, while the +DI and -DI looks conversion. Thus the counter is expected to remain weak as long as it remain below 27100 on closing basis, targeting 25500-600.