Fundamentals for the Day
China, US to form bilateral trade and investment councils, agree on $30B reciprocal tariff cut
Impact: Negative momentum downside
Gold ( New – Dec Contract)
Range: 147000 – 150200
Our Preference: Buy Gold @ 149500 target 152000 with SL 148900 (Modify SL with 148600 BELOW SUSTAIN )
Alternative Scenario: Sell Gold 148600 below only if sustain for target 145500 with SL 147200+ only if sustain
Silver
Range: 231000 – 221000
Our Preference: Sell Silver @ 231000 for target 224000 with SL 232500+ only if sustain
Alternative Scenario: Buy Silver @ 222000+for target 230000 with SL 221000 below only if sustain
Trading Zone
232600+ Breakout Buy
