- Gold is trading in very thin volume with a small trading zone.As
per COMEX gold its resistance @ 1858$ on downside it has a support @
1831$ but its unable to touch near by it.
Index is trading @ 102.61$ which is increasing which will impact on
Gold little downside, but since last 4 days its do not moving
- Positional Trader has to wait for a good buy position.
Range: 51195 - 50600
Our Preference: Sell Gold 51190 for target 50850 on a lower volume 50700 on higher volume with SL only above 51350+
Alternative Scenario: Buy Gold 50700+ for target 51050 with SL only below 50590
50900 buy with SL 80 point
Range: 61500 - 6290
Our Preference: Buy Silver 61500+ for target 62250 with SL only below 61250
Alternative Scenario: Sell Silver 62900 with SL 63150 for target 61500
62250 Sell for the session with SL 150 point
61250 if Cross then only up again Sell @ 61500 with 150 point for target 61050 & 60600
63150 or 22.55$ is the break out buy point for the week in Silver