Gold prices moved up in Friday’s session but couldn’t sustain at higher levels and closed lower. Closed below 9 DMA is a short term negative indication. The counter has been witnessing resistance at 14930. So, if it breaches the resistance of 14930, only then will it test 15030 and next 15100. Currently the trend remains sideways to down.

Silver too has been very volatile since last two sessions. RSI is trending lower and close below 9DMA gives short term negative signal. Since last two sessions Silver has been witnessing strong resistance at 24400 levels. Silver is seen taking good supports at 23400, if trades below 23400 during the day silver can test 23100 and 23000 levels on the downside.