Fundamentals for the Day
5.45 pm EUR Main Refinancing Rate
Monetary Policy Statement
6.00 pm Core PPI m/m
PPI m/m
Unemployment Claims
6.15 pm ECB Press Conference
7.30 pm Existing Home Sales
Final Wholesale Inventories
8.00 pm Natural Gas Storage
9.30 pm Crude Oil Inventories
10.31 pm 30-Y Bond Auction
Latest News,
US Treasury: Will buy up to $6B in 10 to 20 Yr liquidity buyback operation on September 10th.
US Treasury To Buy Back Up To $6B In Longer-Dated Debt Thursday
Treasury updates the buyback schedule to show long term operations of at least $4B
Trump Admin. Official: Buyback Announcement Builds On Prior Enhancements; Treasury Buyback Increase Is Part Of Ongoing Approach
Market Commentary: US Treasury will start Bond Buy back of 10-20 years with more then $6B debt from Thursday – As it’s clear debt which gets negative for Dollar and positive for Gold – which makes clear direction for Gold upside.
On the other hand rate hike started by New Zealand then Europe will declare – Fed may do the rate hike but still it’s possibility are in last quarter of 2026 based on the CPI and other data – and this news make gold downside move – In the end If we understand better rate hike is for 1 Dip while Bond Buy back has a long term and regular impact where debt increase so in the end Bond Buy back vs Rate hike = net impact still weightage of bond buy back effect wins, has high impact makes negative for Dollar Index and upside for gold but yes in coming months volume will also High and all of this will make Gold touch our original given target 5100$ in the end- all Dip’s are only buying opportunity
In the mean time Gold will try to survive at the same rate with a range bound position then sudden breakout will shown
Gold
Range: 151850 – 157185
Our Preference: Buy Gold @ 151850 ( Call already activate) fresh buy start @ 152400 for target 157185 & 160200 with SL 151300
Alternative Scenario: Sell Gold @ 157185 with SL 157600+ for target 154200
Gold is trading in a range with high jobbing from 152000 to 155000
Trading Zone
153150 Buy @ 1st stroke with SL 300 point
154950 Sell @ 1st stroke with SL 250 point for jobbing purpose
Silver
Range: 240000 – 252000
Our Preference: Buy Silver @ 238500 for target 245000 with back up buy 236500 SL 235900 below only if sustain
Trading Zone
243500 sell @ 1st stroke with SL 500 point for a jobbing purpose only ( Morning Jobbing Only)
241200 Buy start with SL 600 point
