Fundamental of the Day
Pending Home Sales 8:30 PM
Commentary:-
Yesterday,Gold has touch 1821.5$ where 1820$ was a good short in COMEX. USDINR has taken a good dip from 76.44 to 74.70 Rs.
USDINR Buy @ 74.62 for upper side target 75.24.
COMEX
Range: 1795$ - 1817$
MCX Gold
Range: 47812 - 48280
Our Preference: Buy Gold @ 1800.8$ = 47812 with back up buy 1796.6$ for target 1817$ = 48200 sl only below 47690 only IF sustain
Any downside only below 1795$ move towards 1784.5$ = 47532 MCX Gold, where again Buy will initiate.
Trading Zone
47925 Buy SL 50 point target 48100
47532 Buy SL 47432 target 400 point
Silver
Range: 62010 - 63350
Our Preference : Buy Silver 62286+ for target 63200 SL 61950 below only