Fundamentals for the day
6.00 PM Unemployment Claims
7.15 PM Flash Manufacturing PMI
7.30 PM Fed Chairman Powell Testifies
Dollar Index is 104.36$ which indicate gold remain down.
Gold
Range: 50400 - 51150
Our Preference: Buy Gold 50600+ for target 51150 SL 50480
Alternative Scenario: Sell Gold 51150 SL 51260+ for target 50750
Silver
Range: 61187 - 59600
Our preference: Sell Silver @ 61187 for target 60187 with SL 61487+
Alternative Scenario: Buy Silver 59600+ for target 60500 with SL 59300 below only
Trading Zone
60580 Sell @ 1st stroke with SL 100 point target 400 point