Fundamentals for the Day
6.00 PM CAD CPI
No major Events for the Day
Just watch if any sudden news from US-IRAN WAR too.
For positional Buyer/ Traders – we prefer to go for Buy side position from now onwards till 17th October – so If a fresh position are planning then keep on Buy side position only preferable – as per given levels preferable gate open for 4773$.
XAUUSD – Gold
Range: 4440$ – 4240$
Immediate sell @ 4410$ for target 4365$ with SL 4420$
Our Preference: Sell Gold @ 4440$ for target 4360$ & 4310$ with SL 4460$
Alternative Scenario: Buy Gold @ 4313$ with SL 4304$ below only
Trading Zone
4362$ Buy @ 1st stroke with SL 4355$ target 4380$
4465$ Breakout Buy for target 4605$ & 4773$
XAGUSD – Silver
Silver is already trading on Buy side position only – just keep rejecting from higher upside levels.
Range: 66.50$ – 62.50$
Our Preference: Sell Silver @ 66.30$ for target 64.00$ with SL 66.80$ + only if sustain
Alternative Scenario: Buy Silver @ 63.20$ + for target 66.40$ & above 67$+ extended target 70$.
