Posted by Tradelinecapital
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$. Gold Range: 50680 - 51400Our Preference: Buy Gold 50800+ for target 51300 with SL 50600Alternative Scenario: Sell Gold 51300 with SL only above 51450 for target 51000Trading Zone50800 Buy starts for the day50680 Buy for the sessionAll sell positions are for intraday only.Silver Range: 60856 - 62500Our Preference: Buy Silver 61048+ for target 62048 with SL only below 60600Trading Zone61048 Buy start for the day 60856 Buy for the session62016 sell @ 1st stroke for jobbingMaintain 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.
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Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current
