Posted by Tradelinecapital
Its expiry month in GOLD.Market is taking a rest now. After a long run of Up & Down now its try to stabilize its volume. Ukraine WAR is on which means breaking events or speech are possible at any time which may create a Buy position in Bullion. As on date, What is a more safe investment form the view of Investor, hedge fund or corporate. US Treasuries bonds & Gold will count on safe heaven in compare to rest of the financial instruments.In the war of Ukraine -Russia, all world currencies moves downside with other indices + stocks.Inflation remains high even after Fed interest rate hike that does not even support to balance inflation. Supply of commodity & other chains has disturb drastically which cause all metal+bullion+agri & oils prices remain up.Crypto Currencies has also decrease well enough but still it does not receive a investor's trust.In such scenario - We believe Gold+Silver will be the more safe investment, even If you are physical Buyer or positional trader for future contract position.Technical pointGold has up move from 1780.6$ to 2078.8$ where it has given a correction till 1895.2$. As of now bottom of Gold is 1885$ = 50,500. Gold is now trading sideways - As 27th March is an expiry in GOLD in COMEX .Gold Range: 51000 - 52386Our Preference: Buy Gold 51117+ for target 51706 with SL only below 50951Alternative Scenario: Sell Gold 1950$ = 51970 with SL 52150 for target 500 point.Trading Zone51550 sell with SL 90 point50900 Stop sell below for target 200 point with SL 120 pointSilver Range: 66514 - 71000Our Preference: Sell Silver 69000 for target 67700 with SL 69400Alternative Scenario: Buy Silver 66514+ for target 70000 with SL 66000 (Holding)
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