- China says military exercises by its navy, air force and other departments are under way in six zones surrounding Taiwan.
- Two missiles have been launched by China near Taiwan's Matsu islands, which lie off the coast of China, according to Taiwanese officials.
- Taiwan's military has issued a statement in which it said its forces are on alert and closely monitoring the Chinese drills.
- USDINR breakout above 79.4
Effect: This will specifically impact on Gold upside till 1836$ in Future & 52700 in MCX
Fundamentals for the day
Challenger Job Cuts (Jul) 5:00PMInitial Jobless Claims 6:00PMFOMC Member Mester Speaks 9:30PM
Gold (5th Oct ) New Contract
We clearly mention on 29 July report Gold positional target for by next week is 52300 in new contract.
Range : 51750 - 52700
Our Preference: Buy Gold 51780+ for target 52350 & 52700 with SL 51650 below only2700
Alternative Scenario: Sell Gold 52700 with SL 52880+ for target 52100
Sell Gold 52310 SL 52400 target 52100
Range: 57149 - 59289
Our Preference: Buy Silver 57500 + ( 19.75$) for target 20.50$ & 59200 with SL 57100 below only
Alternative Scenario: Sell Silver 59300 with SL 59600 for target 58300
Same as yesterday
Buy Silver 58000 SL 150 point for target 700 point