๐ Fundamentals for the Day & Strategy
Key Events to Watch
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5:00 pm โ FOMC Member Waller & Hammack speak
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7:30 pm โ Pending Home Sales m/m
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10:45 pm โ President Trump speaks
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11:00 pm โ FOMC Member Musalem & Williams speak
๐ช Gold & Silver Strategy
Gold
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Range: 140,825 โ 150,666
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Early Buy: 142,500 โ Target ~145,000
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Stop-Loss (SL): 141,900 (only if price sustains above)
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Alternate / Secondary
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Buy @ 115,360 โ Targets 116,200 & 116,620
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SL: 115,000 (only if sustain)
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Sell @ upper band (116,650) with SL ~150 pts
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โ ๏ธ Note: The above โ115,360 / 116,200 / 116,620 / 116,650โ levels look like silver-zone references; ensure you label clearly to avoid mixing Gold vs Silver levels.
Silver
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Range: 114,996 โ 116,600
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Early Buy: 140,825 โ Target ~145,500
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SL: 140,100 (only if sustain)
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Our Preference:
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Buy Silver in the lower zone
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Buy Gold gradually if it consolidates above key support
๐ Market News (Last 24โ48 Hours) & Implications
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Gold surges on weaker dollar & dovish Fed expectations
Gold hit fresh highs as the USD softened and markets priced in higher odds for upcoming Fed rate cuts. The Times+1 -
U.S. stocks firm amid solid inflation data
Inflation edged up slightly in August, but within expectations, supporting equity markets and reducing fear of aggressive Fed tightening. Schwab Brokerage+1 -
Fedโs next meeting & rate cuts expectations
The October 28โ29 Fed meeting is widely expected to deliver a 25 bps cut, with markets already pricing in additional easing later in the year. Investopedia -
Fedโs internal tone & dot plot hints
The Fedโs dot plot suggests room for further cuts in 2025, and several Fed watchers expect two 25-bps cuts ahead. FXStreet -
U.S. markets rally on easing fears
Major indices finished higher, while commodities like gold saw strength. Reuters
Implications for your trades
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The dovish tilt and weaker USD support bullish potential for gold and silver
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Speeches by FOMC members and Trump can inject volatility; maintaining tight SLs is prudent
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Watch closely how the market digests home sales data and Fed commentary
