Fundamentals for the Day
6.00 pm Core CPI m/m
Core CPI y/y
CPI m/m
CPI y/y
8.00 pm Crude Oil Inventories
10.31 pm 10-Y Bond Auction
11.30 pm Federal Budget Balance
Yesterday,
MCX Gold consolidate from 155437 to 153220 in between – which means today Stop sell apply @ 153100 = 4352$ will move towards 4310$ = 151750. Today CPI will make a next move for GOLD.
Gold
Range: 155400 – 151550
Our Preference: Sell Gold @ 155150 for target 153550 & target extended till 152000 with SL 155800+ = 4460$ only if sustain
Alternative Scenario: Buy Gold only above 156200 for target 159900 with SL 155500 below only if sustain
Trading Zone
Momentum Sell @ 154750 SL 250 point
153500 Buy @ 1st stroke with SL 153150
153100 Stop sell for target 152250 with SL 250 point
Silver
Range: 231896 – 242000
Our Preference: Sell Silver @ 24113 for target 231800 with SL 243000
Alternative Scenario: Buy Silver @ 243200+ for target 250200 with SL 241000 below only if sustain
Trading Zone
235000 Buy @ 1st stroke with SL 500 point (Apply before CPI only)
Rest of update will of CPI and effect will given by What’s app Broadcast.
