Latest News
Yesterday FOMC Meeting
- Announce Fed Rates will unchange
- Powell: Inflation risks are still to the upside in my view
- ANOTHER RISK IS FURTHER SUPPLY CHAIN ISSUES
- Covid Is Not Over, Could Continue To Evolve And Harm Growth
- Fed’s Powell: Covid Is Not Over, Could Continue To Evolve And Harm Growth
Conclusion: Over all, As per POWELL STATEMENT US Equity market will remain downside & Bullion will move upside again from 1803.6$ gold will up & in Silver buy base of 22.90$ around for today.
Fundamentals of the day
7.00 PM US Advance GDP Q/Q IMP
Advance GDP price Index q/q
Core Durable Goods Orders m/m
Durable Goods Order m/m
Unemployment Claims
8.30 PM Pending Home Sales m/m
9.00 PM Natural Gas Storage
Gold
Range: 48100 - 48600
Our Preference: Buy Gold 48140+ for target 48400 & 48600 with SL only below 48000 if sustain
Alternative Scenario: Buy Gold 47786 for target 48350 with SL 47620
Silver
Range: 62600 - 63800
Our Preference: Buy Silver 62700+ for target 63800 with SL 62400 below only
Alternative Scenario: Buy Silver 61650 for target 63800 with SL 61200
Trading Zone
Sell below 62400 for target 61750 with SL 300 point
Posted by Tradelinecapital