Posted by Tradelinecapital
Dollar Index yesterday low 101.74 & now trading @ 102.01.This cause still Gold will remain on Upside.Gold expiry on Friday in COMEX which cause all trades are moving forward to new contract, on MCX Expiry in the month end where also all trades are moving forward by hedge fund corporate or investor in new contract only. 11.30 PM FOMC Meeting Minutes todayGoldRange: 50800 - 51450Our Preference: Buy Gold 50900+ for target 51450 with SL only below 50740Alternative Scenario: Sell Gold 51460 with SL only above 51600 for target 51050Trading Zone50950 buy for the morning session50730 Last buy for the day51300 sell for the momentum51480 sell for the sessionSilver Yesterday Silver buy given @ 61048+ where yesterday's low was 61060 our target was 62048 where it made a high of 62235.Silver has a strong support at the same price 61048 to move upside.Range : 61048 -62500Our Preference: Buy Silver 61100+ for target 62200 add more only above 62550+ if sustain CF TARGET 64400Trading Zone62250 Sell @ 1st stroke62550+ Buy stop 61458 buy for the session
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