Trend Up for the day
Preferable take only buy position
On Friday, Gold has activate our momentum call only from 50650 for target 50400
Gold
Range: 50500 - 51150
Momentum Call: Buy Gold 50800 for target 50960 with SL only below 50690
Our Preference: Buy Gold 50500+ for target 51150 with SL only below 50400 (if sustain )
Alternative Scenario: Sell Gold 51150 with SL 51280 for target 50800
Silver
On, Friday Silver has activate our Buy call from 58700 where it touch 59600 same day, while positional trader can book their profit today. 60800 is a good resistance where Intraday trader can trade @ 1st stroke.
Range: 61700 - 58900
Momentum Call: Buy Silver 60160+ target 60700 with SL 60000
Our Preference: Buy Silver 59450+ for target 60800 with SL only below 59100
Alternative Scenario: Sell Silver 60810 with SL 61100+ for target 59800
Trading Zone
Buy Silver 60160+ target 60700 with SL 60000