Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang
Gold: The counter is looking positive in an uptrend with a close above the 7 and 21 DMA. The RSI is in a positive territory while ADX is still below 20 level but +DI on upside indicate positivity. Prices breaching the 15000 resistance can trigger upside movement in the counter.
Silver: The prices have breached the trend line and but prices are taking support at the 22800 levels. The RSI have breached the MA but ADX still indicates uptrend with ADX above 20 levels and +DI on the upside, which indicate that prices may rally back to 24000 levels. But if prices breaches 22800 next support is at 22400.