Posted by Tradelinecapital
Fundamentals for the Day 8.15 PM Final Service PMI ISM Service PMI Factory Orders m/mAfter the long last week boom this week its time for a correction in Bullion.Gold move up by 202$ from low 1616$ to 1822$. Last week gold move up by 80$ in single weekIt's time for sell now in Gold We believe Sell Gold 1818$ for target 1765$ with risk only above 1830$+Gold Range: 54400 - 53600Our preference: Sell Gold 54250 around for target 53650 with SL only above 54400+ if sutainPositional Trader will sell Gold 54200 & hold with back up 54400 for target 53600 as a 1st target.Silver Range : 67600 - 64500Our Preference: Sell Silver 67300 with back up sell 67700 for target 65500 with SL only above 67850+COMEX Silver is ready to sell by big resistane @ 23.80$, where comex silver future high is 23.69$ Sell Silver for target 21.75$ back up sell 23.80$.Positional Trader will start sell silver from 67000+ go with back up sell as per comex silver for target 63500. Silver will be only on sell side this time
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Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current
