Gold Open interest decreasing as well as COMEX Gold has cross 1868$ which indicating to downside 1796.4$ around in future.
Fundamentals for the Day
7.15 pm FOMC Member Bowman Speaks
8.30 pm CB Leading Index m/m
Gold
Range: 55750 - 56300
Our Preference : Buy Gold 55750+ for target 55950 & 56200 with SL 55600
Alternative Scenario: Sell Gold 55600 for target 55300 with SL 120 point +
Silver
Range: 64111 - 66000
Our Preference: Buy Silver 64411+ for target 65500 with SL 64100
Alternative Scenario: Sell Silver 64100 below for target 62350