Yesterday downside of Gold & Silver indicate a clear indication of Gold & Silver remain downside only for next 5 Days.
Range: 1895 - 1850
Our Preference: Sell Gold 1888 with SL 1894 for target 1865 & 1850
Gold has a high pressure on downside only. Yesterday Open interest & volume got increase even though gold make moves downside. Which indicate Gold will try to remain downside where 1835$ is a good support.
1850$ Buy @ 1st stroke
1835$ Buy @ 1st stroke
SL will be 3.5$
Range: 22.72 - 21
Our Preference: Sell Silver 22.60$ with SL 22.85 for target 22$ & ass sell more below 21.90$ for target 21.20$
Silver Spot & Future price difference is now zero - so there is no premium which indicates Silver will remain downside & will try to touch 21$ around. in next 72 to 120 Hours trading hours, where 20.77$ Will be a strong buy support
So Buy Silver from 20.70$ with SL only below 20.30$ for upper side target again around 23.50$