Fundamentals for the Day
7.30 FOMC member Harker Speaks
8.30 PM Existing Home Sales
11.30 PM FOMC Member Waller Speaks
COMEX Gold High 1936.1$ which is near our sell point 1940$, where we prefer to our last sell for target 1900$
As per MCX when it cross 56300+ we mention to go with buy 56300+ for target 57050 as there is a major disparity between MCX & COMEX gold as of now so both of them can not match right now.
Gold
Range: 56840- 56200
Our Preference: Sell Gold 56900 for target 56300 with SL 57080
Alternative Scenario: Buy Gold 56220 target 56650 SL 56050
Silver
Range: 69300 - 68500
Our Preference: Sell Silver 69300 with back Up sell 69500 SL 69700 target 68200
Alternative Scenario: Buy Silver 67700 with SL 67390 for target 68800