📊 Powered by Tradeline Capital
🔔 Special Note: It’s a Non-Farm Payroll (NFP) Week. Due to Friday’s U.S. holiday, NFP will be announced on Thursday instead of Friday.
📰 Key Fundamentals for the Day
- 7:00 PM – Fed Chair Powell Speaks
- 7:15 PM – Final Manufacturing PMI
- 7:30 PM – ISM Manufacturing PMI & Prices
- 7:30 PM – JOLTS Job Openings
🪙 Gold (COMEX Spot)
Recent Action:
Gold has broken above yesterday’s range, turning the trend positive. This breakout opens the gate for an upside move toward $3390 in COMEX Spot and ₹98,500 in MCX.
Range: ₹96,400 – ₹98,500
Our Preference:
🔼 Buy Gold @ ₹96,800,
➕ Backup Buy @ ₹96,500
🎯 Target: ₹98,500
🛡️ Stop Loss: ₹200 points
📌 If target isn’t achieved, consider carrying forward the position till Thursday night.
Alternative Scenario:
🔽 Sell Gold @ ₹98,500,
🛡️ SL: ₹98,800+ (Only if sustained)
🎯 Target: ₹97,400
Note: This trade activates after one day of sustained price action.
Intraday Trading Zone:
🔽 Sell @ ₹97,400 (1st touch)
🛡️ SL: ₹120 points
🥈 Silver (MCX)
Range: ₹105,000 – ₹109,000
Our Preference:
🔼 Buy Silver @ ₹106,200
🎯 Target 1: ₹107,700
🎯 Target 2: ₹109,000
🛡️ SL: ₹400 points
Backup Strategy:
📉 If SL at ₹106,200 is hit, re-enter:
🔼 Buy @ ₹105,000
🎯 Target: ₹106,800
🛡️ SL: ₹400 points
🔍 Trend Bias: Bullish for both Gold and Silver till Thursday night, especially with NFP data anticipated early this week.
📢 Tradeline Capital
🌐 www.tradelinecapital.in | 📱 +91 70463 79797