Trend Remain Negative
Finally Gold take a retracement from 58847 to 56544 as of now. In COMEX take almost 1$ down side, where it complete its 30% correction @ 1868$ where Low made 1873.2$.
Gold
Range: 57240 -56500
Our Preference: Sell Gold 57240 for target 56620 & 56200 with SL 57400
Alternative Scenario: Buy Gold 56250+ for target 56700 with SL 56100
Silver
Range: 68250 - 66500
Our Preference: Sell Silver 68250 for target 66500 with SL 68600+
As per COMEX Silver had a good resistance @ 22.50$ but if it sustain below the same price for 3 days will open the gate of 21$
Alternative Scenario: Buy Silver 66500+ for target 68000 with SL 66150