Looking at the weekly on Gold INR - the sell signal is visible now. It had made higher high with negative divergence in the indicators and now the price is correcting. The prices need to atleast test the 50 zone of slow d indicator before we can get any bounce of the same.
This is a buying opportunity. Buy will both hands full. We will wait for price downward momentum to coll down and buy signal to emerge. 27,000 and then 26,000 are supports for the time being.
Silver similarly is making a bottom and is more oversold than gold. Lets see if it bottoms out before gold as well.
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