Fundamentals for the Day
6.00 pm Unemployment Claims
– just focus on Live news
US Officials: State Dept Preparing To Issue Ordered Departure Of Some Personnel And Family Members At US Embassies Across The Gulf
It may cause sudden attack from any side possible – by Weekend
Data Shows Declining Middle East Crude Exports – this may create a chaos in Crude pricing with upside move which will cause world wide inflation risk rise.
Gold
Range: 144000 – 146500
Our Preference: Buy Gold @ 144400 to 144100 for target 146380 with SL 143800
Alternative Scenario: Sell Gold @ 143700 for target 142500 with SL 144200+ only if sustain
Gold range is from 144000 to 148500, as this range break on Downside will come to new range of 140000 to 144000 (on Downside) 4050$ below COMEX Spot Gold is breakout sell
Trading Zone
146500 Sell for the Day with Risk only above 146850+
Silver
Range: 200000 – 213000
Our Preference: Buy Silver 55$ COMEX Spot = 200500 for target 211000 with SL 198000
Alternative Scenario: Sell Silver @ 213500 with SL 214800 for target 206000
Trading Zone
54$ below BREAKOUT SELL = 198000 then only sell for target 188000 only if sustain breakout point with High volume else ignore
