Today, Gold & Silver are both on Buy Side only continue yesterday evening's trend to upside.
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 day
05.30 PM FOMC Member Bullard Speaks
06.00 PM Retails sales & Core retails sales ( US)
11.30 PM Fed Chairman Powell Speaks
Range: 50800 - 49820
Our 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 50250
50150 Buy start for the day
49986 Buy for the session
49820 Last buy for the day
50570 Sell for the momentum
50806 Sell for the day
Maintain SL of 80 point for above trading Points
Range: 62500 - 59500
Our Preference: Buy Silver 60150+ for target 62000 with SL only below 59750
Alternative Scenario: Sell Silver 62550 for target 60857 with SL only above 62500+
60150+ Buy start for the day
62600+ Buy Stop open gate of 64200
Positional Trader will continue their Buy where our positional call activate at 58500+ on day before yesterday's report.