Today RBI Policy will declare,
It may increase the repo rate or interest rate which will impact on USDINR upper side.
If USDINR goes its positive for Gold silver & will move up too, even if COMEX prices does not move.
Range: 51300 - 50500
Our Preference: Sell Gold 51100 with SL 51250+ i sustain, for target 50650 & 50460
Alternative Scenario: Buy Gold 50500+ for target 50900 with sl 50370
Just check our RBI Policy live updates to our whats app broadcast directly with its effect to take live position
on Whats App : 7046379799 type "Live updates"
As COMEX GOLD has remain down side below 1858$ where we mention sell for target 1831$ which will remain same as we mention in our comex bullion report.
As per COMEX Silver 22.50$ is a very crucial Resistance, so 22.30$ to 22.50$ sell with risk only above 22.60$ for target 21.70$ every time. 22.60$ is the only Buy stop for upper side 23.5$. Which we don't see in this week. So stay in sell near those pricing.
Range: 62900 - 61500
Our Preference: Sell Silver 62850 for target 61500 with SL only above 63150+
Alternative Scenario: Buy Silver 61500+ for target 62350 with SL 61250
- 61250 Break out sell for target 60500 with SL 250 point