Gold: The counter is trading range bound since few sessions. The remained positive yesterday taking support at 15450 levels but closed below the trend line only. The counter is expected to continue sideways as there is no clear direction from the RSI and ADX indicates short term weakness with -DI on the upside. Thus prices may remain side-ways between 15425-15600, beyond 15625 prices may move positive. Silver: The counter remains side-ways since past few sessions, simultaneously the ADX also remains directionless. The RSI however remains stable around 47-50, thus prices picking above 26300 can indicate a trend change. Till then counter is expected to remain range bound between 25750-26250.
Technical charts like these helps to understand about stock market in a better manner. Traders can draw useful conclusion by further exploring these charts. Reports on stock market are shared by epic research as well.
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