Gold has had a tremendous run in INR during the last 3 years. The incline says it all. However looking at the weekly now it has made a doji with higher high at 29212 and low 28272. Doji says that the trend has come to a stop. May be a correction or consoldiation of the gains is warranted. Hence, right now let the indicators give buy signal before getting into gold. If a confident candlestick is made with higher high then it means we have more higher immediate prices to come.
For trend buying 26000 INR is good horizontal as well as trendline support level - So one can look to buy with appropriate stop losses.
Silver has been making lower highs and lower lows on weekly. The present formation seems identical to a bear flag and thus probability is of the breakdown lower. For trend followers this is not the right time to be in silver as chances would say.
For value buyers 45000 and 55000 INR are good places to buy silver. Lets see the bottom formation before the trend starts for silver again.
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