What is happening in Gold ?
- Dollar Index 103.12 which is weaker the Gold
- Gold cross 1890$ after a Long time which has open the gate of 1820$.
- At the price of 1820$ good buy will activate.
- MCX Gold is expect 49800+ will be a good buy is expected.
- Fed will hike its interest rate on 4th May by 0.50 basis point where its effect is approx 80$ to 90$ where Gold has move more than the same so now additional selling will be recover after 29th April only
- Positional Buyer should be ready on tomorrow mid evening or @ 1820$ whichever come 1st.
Our Preference: Sell Gold 51200 with SL 51400+ or target 50750 (intraday) & 50350 (Overnight)
50750 Buy with SL 50650 target 250 point
Positional trader should be ready to buy Gold @ 1820$ = 49850 around, which we expect even around or before 4th May 2022.
As on 4th may is arriving for Interest rate hike & gold is try to complete its effect in all advance & will try to touch 1820$ around before that which is 49800 in MCX if any changes are there we will update by Whats app Broadcast only.
Silver has open the gate till 22$ around, which is equivalent MCX Silver 62000 around as per that.
As we stated earlier also positional trader will remain silent & wait till 28-29th April as due to expiry Silver can buy only after or on 29th April Evening.
63650 Buy SL 200 point