Posted by Tradelinecapital
Effect: Yesterday Night US Declare 104% apply from today after that Gold started move upside from 2970$ to 3050$ today. Today Morning @ 6.30 to 7.30 China again Buy Gold which is continuous since last 4 days add on by European Buy after 11 AM with 40$ around.Gold This kind of commentary will create a uncertainty into the market which is clear Buy for Gold, So kindly focus on unexpected Statements rather than small expected data which makes a lot sense for the Gold short term Trend.Range: 90,000 - 87500Sell start for the Day - 89550 with SL 89700Our Preference: Sell Gold @ 90000 target 88350 & 87500 with SL 90200+ only if sustain (New edit : maintain SL 90350)Alternative Scenario: Buy Gold @ 90350+ for target 91200 with SL only below 90,000 if sustainTrading Zone Buy Side 88190 Buy for the session with SL 150 point 87550 Buy for momentum with SL 150 pointSilver Range: 91000 - 85440 Our Preference: Sell Silver 91000 around for target 87500 & 85440 with SL 91700+ Alternative Scenario: Buy Silver above 92000 for target 95000 with SL 500 pointAbove Silver is holding basis - Intraday Trader can make a position every time with a small profitSince last 3 days we gave silver sell from 90400 & got reverse exactly by making high near by & come back by 1500 to 2000 pointTrading Zone 90400 sell @ 1st stroke with SL 90600
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