Momentum Call:- Sell Gold 45990 for the target 45790 with sl 46090
Our Preference:- Sell Gold 46350 for the target 45550 with sl 46490
Alternative Scenario:- Buy Gold 45350+ for target 45900 with sl 45200
Friday Non Farm Data was tremendous negative for gold which cause down for bullion
Comments:- Gold is still in the range bound market . As we mention Gold will remain in buy with bottom our Buy 44750 with sl 44500. Because at the end of the day trend remain positive for bullion.
Our Preference:- Sell Silver 48270 for the target 47250 with sl 48600
Alternative Scenario:- Buy Silver 48650+ for target 49065 with sl 48350 and again sell at 49065
Silver has a bottom level with conflict between price 44500 and 45800 from where it will bounce back and cross its latest price 51500+