Above is the weekly chart for gold in INR. as we can see all the indicators were not supporting the higher high move resulting in negative divergence and now the prices are correcting since indicators as suggesting sell as well. So lets wait and watch the correction which is much wanted in INR for those who want to accumulate. There may be way to go before the conditions are semi/ oversold.
On the daily charts the prices are taking support at 100ema and also to note is that we have reached oversold conditions as well. Hence the downward momentum now needs to be watched carefully for future indications of price movements. Prices may be under pressure as long as higher TF technicals are negative.
Silver weekly charts show that the prices have been trading in the range and consolidating here as well. So we would need some positive action to see some upward momentum being built up. Similar thoughts for daily TF.
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