Fundamentals for the Day
2.30 PM EUR Revised GDP q/q
US Bank Holiday- Canada Holiday – Labor Day
Dollar Index 99.18, US 10 Y-Yield 4.78%, Open Interest – 4,14,355/- Volume – 2,19,572/-
Market Commentary
De-Dollarization, Deficit, & War:
Central Banks are Still Buying Aggressively
Demand is reinforcing the Thesis
The Case of Portfolio Insurance
Above 5 major reasons to stay or make all position on Long side only will make you safe play with high yield – we will write about this in details in our coming articles for our client with specification of strategy to increase our return on Gold.
Main Important part is lot size & buy with what difference of price and booking price in advance plan will make our money – This will always differ individually – so those who goes into it -can connect to our what’s app and Discuss for the strategy as per their capacity – write to us “Advance Gold Trade” we will schedule a call for 30 min of meeting at least for the same and proceed
XAUUSD – Gold
Range: 4350$ – 4490$
Our Preference: Buy Gold @ 4358$+ target 4490$ with SL 4435$ & 4465$ below only if sustain for 15 min+ & Close
Alternative Scenario: Sell Gold @ 4490$ target 4440$ with SL 4512$
Trading Zone
4384$ Buy @ 1st stroke with SL 10$
4465$ Sell @ 1st stroke SL 10$
XAGUSD – Silver
Range: 65$ – 67.70$
Our Preference: Buy Silver @ 65$ for target 67.20$ with SL 64.40$ below only if sustain
Alternative Scenario: Sell Silver @ 67.50$ for target 65.80$ with SL 67.90$
Positional Buyer will continue for their target as mention earlier 69.80$ & 74.80$
