Bullion

Technical Outlook

Gold chart is displaying a range bound movement of prices Candlestick shows flat trend in the market. The prices closed above short term and medium term EMA’s, which supports bears. MACD is running flat in negative region. Technically market is weak overall unless any major breakout above 8936

Silver chart is displaying a downtrend of prices Candlestick shows down trend in the market. The prices closed below short term and medium term EMA’s, which supports bears. MACD is running flat in negative region. Technically market is weak overall unless any major breakout above 16825