Sell Gold Around 59700 SL Above 59800 TGT 59600/59400
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Gold
Gold prices traded volatile in last session and closed on a negative note around 59310 level. On daily chart momentum indicator RSI is trading flat indicating sideways trend for prices. It is trading above 20 and 60 days EMA which is a positive sign for prices. However on daily chart it has formed a shooting candlestick pattern near the strong resistance zone which indicate possible reversal of the current uptrend. Traders can sell Gold on rallied around 59700 for the target of 59600 on intraday basis
SELL GOLD AROUND 59700 SL ABOVE 59800 TGT 59600/59400
Silver
SELL SILVER AROUND 71000 SL ABOVE 71500 TGT 70500/70200
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