Posted by Tradelinecapital
Dollar Index :104.51 High (105.06)US Denominated Dollar Currency Index is increasing which remains Gold Down only. All other factors are positive for Gold but current down side scenario is based on increase in Dollar Index.Gold Range:49700 - 50869Our Preference: Buy Gold 49700+ for target 50800 with SL only below 49550Alternative Scenario: Sell Gold 50860 with SL only above 51000+ for target 50250Trading Zone50269 Sell @ 1st stroke50550 Sell for the momentum49500 Sell stop below only this price will activateSilver Range: 58150 - 62000Earlier 58150 was a low on 26th Sept 2021, where on 13th May Latest Low 58192 which is almost making a double bottom of Silver,As we mention in COMEX Silver also to be remain in Buy from 20.77$ which has activate now. On Monday also same price will remain on Buy side for target 22.40$ in next week. Base support will remain is 20.30$. Positional Trader : Buy Silver 58600+ for 1st target 62000 only any risk is only below 20.30$ = match with MCX then execute with High accuracy.Our Preference: Buy Silver 58500+ for target 58000 below only for target 59800 +Silver will take a jump from 20.70$ to 24$ around. All buy position will exit only below 20.30$ ( If sustain)
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Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current
