Expert Analysis for Gold and Silver Futures Trading

Precious MetalsGold prices are trading very range bound taking support at 14400 levels again. The RSI is below 50 and MACD is below Zero line, indicating negative for Gold. Breaching 14400 levels can trigger south-wards movement in Gold. However, prices have closed above the 7 DMA. Prices can remain positive for the day if maintains above 14500.

Silver prices remained positive and closed above the 7 DMA of 21681. The RSI is below 50 and MACD is also in the negative territory, thus indicate negative for Silver. Silver prices have also resisted the 21900 levels, but breaching the 22000 levels can trigger upside movement till 22325 for the day.