- US State Department: There are reports that Russia is considering significant military action against Ukraine
- State Department orders diplomats' families to leave U.S. embassy in Kyiv - ABC
- Gold is trading with a very low volume, which resist for a immediate bull.
- Trend for Gold will remain positive only.
- As per COMEX Gold 1828.5 $ is a good support from where it drag upper side 1845$, As it cross 1849$+ & sustain will move above 1861$
- Due to a very low volume we are also give you a very small ranges.
IMP Announcement of the week
- FOMC Meeting & Fed Fund rates on Wednesday Night.
- US Advance GDP
Fundamentals for the day
8.15 PM Flash Manufacturing PMI & Service PMI
Range: 47940 - 48700
Our Preference: Buy Gold 48150+ for target 48500 & 48680 with SL only below 48000 if sustain the only
48150 Buy @ 1st stroke
47945 Buy for the day
48405 Sell @ 1st stroke
maintain SL of 70 point for jobbing purpose as per above Levels
Range: 63700 - 65700
Our Preference: Buy Silver 63800+ for target 65200 with SL only below 63400.
Alternative Scenario: Sell below 63400 for target 62780 with SL of 250 point only.