Latest News
U.S. and japan reach deal to end Trump-era stell tariffs.
Impact: It will help out steel price in little control due to a little more supply will increase.
Gold
Range: 48500 - 48016
Our Preference: Buy Gold 48017 for target 48500 with SL only below 47900
Alternative Scenario: Sell Gold 48500 for target 48150 with SL only above 48635
Comex Gold has a resistance @ 1832$ where a momentum sell will apply. But do not forget trend will remain only upside.
Positional trader will remain in Buy side only.
Momentum Call: Buy Gold 48170 for target 48380 SL 48080
Silver
Range: 62725 - 61600
Our Preference: Buy Silver 61600+ for target 62700 with SL 61250
Alternative Scenario: Sell Silver 62725 for target 61950 with SL 63000 ( Intraday)
Above 63050+ will remain in Buy again for target 63834 only
Posted by Tradelinecapital