Today Commentary:
Comex gold has an on 27th Jan 2023
Where 1940$ is a strong resistance with a good sell price
So we prefer sell around the same 1940$ match MCX with the same for target 1900$
As those who bought comex Gold they have 2 option
1. Either buy Gold delivery by 27th Jan 2023 & exit position without the same
2.They have to CF their position in next contract
Positional Trader have to sell their Gold 57000 around or 1940$ around with target 55800 & 1890$ with risk apply only above 57200+ or 1955$+ only if sustain
Gold
Range : 56950- 56250
Out preference: Sell Gold 56850 target 56550 & 56300 with SL 57050
Alternative scenario: Buy Gold 56200+ for target 56700 with SL 56050
Silver
Range : 69300-67600
Our preference: Sell Silver 69100 wid back up sell 69400 for target 67800 SL 69500+ only if sustain
Alternative scenario: Buy Silver 67600 for target 68500 with SL 67350