- Interest will increase in March Fed Meeting by .25 basis points
- Comex has a base price of 1780$ as of now. Any down side will be below 1772$ only not before that.
- This is the Non Farm Week. Both the data - ADP non Farm employment change & Non Farm employment change expected week which is a positive for Bullion.
Fundamental Of the Day
7.00 PM ADP Non Farm Employment Change
9.00 PM Crude Oil Inventories
All Day OPEC - JMCC Meeting
Range: 47600 - 48500
Our Preference: Buy Gold 47780 SL 47650 for target 48200
Alternative Scenario: Buy Gold 47500 for target 48100 with SL 47350
Positional Trader will remain on Buy side till 1780$ back up for upside 1830$ till Friday Night.
48200 Sell @ 1s stroke with SL 100 point
48500 Sell @ 1st stroke with SL 100 point
Range: 60900 - 62175
Our Preference: Buy Silver 61000+ for target 62100 with SL only below 60600
Positional Trader will buy Silver 61000 with back up 60300 for target 63122