Posted by Tradelinecapital
Open Interest of Is getting fluctuated rather than stabilize in Last week. Because of the same we are not relying on Open interest of Gold. Inflation is reduce from country to country as per the latest data & as per expectation. Which will cause to Gold Negative only.Technical Side: Gold is taking a strong support @ or around 1981$, Which indicates Buy near by 1985$ for target 2050$ again. Vice Versa Reversal position will apply with a break out of 1978$ below sustaining. GoldRange: 1985$ - 2050$ Our Preference: Buy GOLD 1988$ target 2021 with SL 1979$ belowAlternative Scenario: Sell Gold 2021$ for target 1996$ with SL 2028$ only if sustain.It seems like market will trade one sided only for next 4 days.Or in other terms: Buy Gold on Monday & Close on Friday Evening will give a good result.Silver Silver Open Interest is also not stable continuously Range: 24.37$ - 25.42$Our Preference: Buy Silver 24.75$ for target 25.21$ with SL 24.59$Alternative Scenario: Buy Silver 24.37$ for target 25$ with SL 24.20$ below only is it sustain.Upper side sell will apply @ 25.50$ in Silver with SL 20.65$ ONLY.
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Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current
