Fundamentals for the Day
6.00 pm Unemployment Claims
Good Trade Balance
Prelim Wholesale Inventories m/m
8.00 pm Natural Gas Storage
Market Commentary,
US-Canada trade war begin since last couple of days, day by day goes worst too on economical war by Tariff by retaliation on both side which cause upside only for Gold. Gold Open Interest clearly shows upside move as day by day Long position which clearly indicates 5104$ target will arrive soon – so make your Position on buy side only with given Back up and levels to make it easy.
Yesterday,
COMEX Gold is moving perfectly fine with yesterday 1st Buy Activate 4605$ with a back up buy @ 4590$ where Low made @ 4584$ and trading now @ 4635$
Silver made a low of 67.51$ where we mention Buy @ 67.71$ now trading @ 69.40$.
XAUUSD – Gold
Range: 4585$ – 4773$
Our Preference: Buy Gold @ 4605$ back up buy @ 4585$ for target 4690$ & 4773$ with SL only below 4580$ with Sustain
Trading Zone
4575$ Breakout Sell
4689$ Sell for session
4715$ Breakout Buy
4773$ Strong Sell for the Day
XAGUSD – Silver
Range: 67.71$ – 74.80$
Our Preference: Buy Silver @ 67.71$ for target 69.80$ with SL 67.20$ below only if sustain
Trading Zone
69.90$ Sell @ 1st stroke for Jobbing
70.55$+ Breakout Buy
74.80$ Silver Sell for session
Keep your lot size under control which is the most important part – but keep High lot size on the strong point as we mention in Both Gold Silver
