Fundamentals for the Day
6.00 pm USD Core CPI Y/Y & M/M
CPI M/M & CPI Y/Y
11.00 PM FOMC Member Barkin Speaks
11.30 pm Beige Book
12.30 am FOMC Member Goolsbee Speaks
2.00 am API Weekly Statistical Bulletin
Latest News,
Fed’s Williams: One more interest-rate hike appropriate this year
Gold
Range: 150000 – 144467
Our Preference: Breakout Sell Gold @ 148400 target 146500 with SL 148800
Alternative Scenario: Buy Gold @ 146452 SL 145900 target 147500
Trading Zone
144467 Last Buy for this Range with SL 143900
Silver
Range: 222000 – 206000
Our Preference: Sell Silver @ 219000 with SL 221800 target 212500 & below 211000 target extended 206500
Alternative Scenario: Buy Silver @ 211900 with SL 210900 below only target 217000
Trading Zone
223000 Breakout Buy
206000 Bottom Buy
Above downside level may change according to USDINR Movement – which is trading @ 94.95 Rs as of now.
