Latest News,
US Treasury Announces Increased Sizes of Nominal Long-End
US Dept of Treasury is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities; The current maximum size of $2 billion per operation will be at least $4 billion per operation.
Effect: It’s Highly Bullish for GOLD-SILVER both negative in Yield – Positive for US Stock Market – as based on this more money will flow into the US Economy.
In one Line GOLD- Silver both are now in Open Buy condition only.
As we mention earlier – GOLD has break 4465$ finally with the based on news of US Bond Buy Back – now it has open the gate of 4773$ – Positional Trader can open their position with this basic target
XAUUSD- Gold
Range: 4445$ – 4773$
Our Preference: Buy Gold @ 4465$+ for target 4605$ & 4773$ with SL 4440$
XAGUSD – Silver
Range: 64$ – 75$
Our Preference: Buy Silver @ 65$ with a back up 64.30$ for target 69.70$ & 74.80$ with SL 64$ below only if sustain
Previously
COMEX Gold has gives up sell from 4440$ and touch our target 4360$ & 4313$ earlier – which gave us almost 120$ Point profit with risk of 20$ only – where R&R was 1:6 in our previous call
Now this time as it break 4465$ we are standing for a 1st target of 4605$ & 4773$ as a basic target only.
Rest will update soon as time goes by and target extended.
In between tonight FOMC Meeting minutes any opposite announcement we have to keep an ear open for the same.
