Fundamentals for the Day
BOJ Policy Rate increase by 0.25%
4.00 pm ECB President Lagarde Speaks
6.45 pm Capacity Utilization Rate
Industrial Production m/m
7.00 pm FOMC Bowman Speaks
7.30 pm CB Leading Index m/m
9.15 pm FOMC Member Schmid Speaks
Gold
Range: 154200 – 149700
Our Preference: Sell Gold @ 154100 target 151900 with SL 154550+ if sustain (New Modify @ 154650+)
Alternative Scenario: Buy Gold @ 154700+ target 157200 SL 154100
Trading Zone
152000 Buy @ 1st stroke with SL 300 point
149700 Last Buy for the Day
Silver
Range: 242000 – 230500
Our Preference: Sell Silver @ 242500 target 235000 with SL 244500+ only if sustain
Alternative Scenario: Buy Silver @ 245100 for target 252000 with SL 2000 point
Positional Trader will continue with their Buy position – no change into the same in both Gold and Silver
