Bullion Update, Precious Metals Trading and Market Outlook: Nirmal Bang
Gold: The counter is been consolidating within the range with higher lows. The RSI is neutral with ADX below 20 levels giving unclear direction. But prices are maintaining above the 21 DMA and higher lows indicates that prices may go up. Thus fresh buying can be done above 15020.
Silver: The prices remained range bound yesterday above the 61.8% retracement levels. While the RSI is moving flat with no clue from the ADX. But if prices maintain above 22800, prices can move up to 23250 levels for the day.