Gold: The counter remained positive in the yesterday’s session but failed to closed above 15600 levels. The directional index is still negative with –DI on the upside, but RSI seems to take support at this levels. Thus prices closing above 15600 can bring in upside movement in the counter, however breaching support at
15425 can trigger further downside till 15250.

Silver: The counter remained positive yesterday, while RSI is seen maintaining around 47-50 levels. In addition there is support at 25600 levels, which prices are maintaining. While ADX fails to give a clear direction. Thus prices are expected to move up to 26200-500 if maintains above 25600 levels.