No major Fundamentals for the Day
Gold
Range: 62500 - 61500
Session Call: 61940 Buy with SL 61850 target 62150
Our Preference: Sell Gold 62500 target 61565 with SL 62800
Alternative Scenario: Buy Gold 61565 target 62000 with SL 61420
Trading Zone
62200 Sell start for the Day
Maintain SL of 100 point
Trend: Negative
Strategy : Sell on Rise is more advisable
We believe downside movement of Gold is still due. So there not much room for upside in Gold anymore, except short term bounce which will be again a selling opportunity only.
Silver
Range: 76378 - 73620
Our Preference: Sell Silver 76378 target 74575 with SL 76800+ ( Overnight trade)
Alternative Scenario: Buy Silver 73620 with SL 73250 with SL 74800 (for Day Trade)
Trading Zone
74575 Buy @ 1st stroke SL 74300