Most of the countries, are closed today which will cause a very thin volume in the market
Gold Open Interest Decrease by 12,816 from 5,11,320 to 4,98,504. Open interest + Volume + Pricing decrease which indicates Gold wants to move downside on its immediate next day which is Monday. So we prefer to make sell position.
Gold has taken a closing @ 1850.20$ in as per the same it will try to touch 1831.80$ on Monday where its previous low was 1830.2$ will make a double bottom.
This will makes our range of Gold from upside 1858$ selling begins towards target 1831$.
Range: 1830.2$ - 1864$
Our Preference: Sell Gold 1858$ for target 1831$ with SL only above 1865$+
Alternative Scenario: Buy Gold 1831$ for target 1848$ with SL only below 1826$
1858$ Sell start for the day1869$ Last sell for the day
1840$ Buy for the momentum
1831$ Buy for the day
1826$ Break out sell
SL apply of 3.5$ or above trading levels
Range: 22.50$ -21.85$
Our Preference: Sell Silver 22.50$ for target 22$ & 21.75$ with SL 22.60$
Alternative Scenario: Buy Silver 22.65$+ for target 23.50$