No major Fundamentals for the Day
- Its Last week of February where market has been elevates near its LIFE TIME High of MCX & COMEX
- Gold is trading in a jobbing market right no
- Market is waiting for a major announcement for next move but till the time go for jobbing in Bullion
Gold
Range: 85500 - 86900
Our Preference: Buy Gold 85550 with SL 85350 for target 86400 & 86900
Alternative Scenario: Sell Gold 86900 with back up 87100 for target 85550 SL 87200+ only if sustain
Trading Zone
- 85350 Breakout Sell
- 86550 Sell @ 1st stroke with SL 86690
Silver
- Silver prices are moving in a specific range where GOLD SILVER ratio is trading around 90 as its move above will go take a Silver upside for a sudden move. But as of now it does not seems very right for a SILVER.
Our Preference: Buy Silver 95500 target 97500 with back up buy 94900 SL 95700
Alternative Scenario: Buy Silver 93700 with back up buy 93300 SL 93000 for target 97700
Range: