Dollar Index TRADING @ 102.24$ since previous high it weaker in last 24 hours. This will try to support Gold to stabilize & move upside again.
Yesterday, Gold made a low of 50808 where we mention Buy gold from 50800 which is almost near to activate the position & hold for its target 51500.
As per COMEX gold is gonna take a Good back support at 1840$ from buying of 1850$ & moving towards for the target 1885$.
Range: 50680 - 51400
Our Preference: Buy Gold 50800+ for target 51300 with SL 50600
Alternative Scenario: Sell Gold 51300 with SL only above 51450 for target 51000
50800 Buy starts for the day
50680 Buy for the session
All sell positions are for intraday only.
Range: 60856 - 62500
Our Preference: Buy Silver 61048+ for target 62048 with SL only below 60600
61048 Buy start for the day
60856 Buy for the session
62016 sell @ 1st stroke for jobbing
Maintain SL of 150 point for any of above levels only jobbing purpose only.
Positional Silver buyer will continue their Buy from 61000 add more only above 62500+ for target 64400.