Our Preference: Buy Gold 47639+ for target 48200 with SL 47490
Alternative Scenario: Sell Gold 48700 with SL 48900 for target 48250
48450 sell @1st stroke for 150 point with risk of 50 point SL
48525+ Buy for jobbing purpose
48075 Buy for 200 point target with risk of 100 point SL
Gold price are moving upwards with life time high only.
Gold is trending high with very low volume. On Friday also we mention the market moving back near by 47700 to 48400 aprox 700 point.So better be on Buy is advisable with back up & SL plan.
Our Preference: Buy Silver 47200 for target 48500 & 48500 with risk only below 46800
Alternative Scenario: Sell Below 49300 for target 48000 with SL 49800
Gold silver both will in Buy even through low volume is there in the market.