50806 Sell for the day
Posted by Tradelinecapital
Today, Gold & Silver are both on Buy Side only continue yesterday evening's trend to upside.Yesterday, Gold low 49572 where we mention Buy gold @ 49700 high was 50297 & target is still continue for 50800.Gold spike by 1785$ & 49572 in MCX @ the time of 1 O'clock just or 10 minutes & up again immediately with a very High volume, this indicates Monday's Low is the last low of this week & Gold will remain upside & touch our target of 50800. As this spike was apply only in Gold not in Silver. Fundamentals for the day05.30 PM FOMC Member Bullard Speaks06.00 PM Retails sales & Core retails sales ( US)11.30 PM Fed Chairman Powell SpeaksGold Range: 50800 - 49820Our Preference: Buy Gold 50150 for target 50550 & 50800 with SL 50020 ( Intraday only)Alternative Scenario: Sell Gold 50800 with SL only above 50980+ for target 50250Trading Zone50150 Buy start for the day49986 Buy for the session49820 Last buy for the day50570 Sell for the momentum
50806 Sell for the dayMaintain SL of 80 point for above trading PointsSilver Range: 62500 - 59500Our Preference: Buy Silver 60150+ for target 62000 with SL only below 59750Alternative Scenario: Sell Silver 62550 for target 60857 with SL only above 62500+Trading Zone60150+ Buy start for the day62600+ Buy Stop open gate of 64200Positional Trader will continue their Buy where our positional call activate at 58500+ on day before yesterday's report.
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