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.
Range:49700 - 50869
Our Preference: Buy Gold 49700+ for target 50800 with SL only below 49550
Alternative Scenario: Sell Gold 50860 with SL only above 51000+ for target 50250
50269 Sell @ 1st stroke
50550 Sell for the momentum
49500 Sell stop below only this price will activate
Range: 58150 - 62000
Earlier 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)