Gold position trader will buy gold 1798$ or 49700+ for target 50900.
Gold High 2078.8$ Low 1678.8$ its a movement of 400$ almost. Where 1798$ is the 70% correction of this movement complete which is a very strong buy support for target 1880$.
Gold
Range: 49700 - 50800
Our Preference: Buy Gold 49750+ for target 50500 & 50960 with SL only below 49550
Alternative Scenario: Sell Gold only below 49480 for target 49100 with SL 150 point
Silver
Range: 58000 - 62500
Our Preference: Buy Silver 58500+ SL 58000 target 61500