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 today
Range: 50800 - 51450
Our Preference: Buy Gold 50900+ for target 51450 with SL only below 50740
Alternative Scenario: Sell Gold 51460 with SL only above 51600 for target 51050
50950 buy for the morning session
50730 Last buy for the day
51300 sell for the momentum
51480 sell for the session
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 -62500
Our Preference: Buy Silver 61100+ for target 62200 add more only above 62550+ if sustain CF TARGET 64400
62250 Sell @ 1st stroke
62550+ Buy stop
61458 buy for the session