Fundamentals for the Day
Canadian CPI day today
No Major US Events for the Day
WTI Crude Price trading @ 98$ which is going to touch 105$ in short term – Inflation move higher – Gold price still will under pressure with a range bound.
Gold
Range: 149000 – 146550
Our Preference: Sell Gold around 148500 to 148850 back up sell target 146550 SL 149100
Alternative Scenario: Buy Gold above 149200+ target 151000 with SL 148550
Trading Zone
146550 Buy @ 1st stroke
Silver
Range: 218000-205000
Our Preference: Sell Silver @ 218000 with SL 220000 target 212000 & 207800
Alternative Scenario: Buy Silver @ 208000 with back up Buy 205500 target 213500 & 218000 SL 205000 below only if sustain
COMEX SPOT Silver has a base support @ 55$ as we have mention multiple time earlier for Buy price in Silver
