7.15 pm Chicago PMI
7.30 pm Consumer Confidence Negative for Dollar positive for Gold
Gold
Range: 50800 - 51500
Our Preference: Buy Gold 51000+ add on 50800 for target 51400 with SL only below 50750
Positional Trader buy gold 50950+ for 1st target 51627 with SL only below 50650
Alternative Scenario: Sell Gold 51627 with SL 51750 for target 400 point
Silver
Range: 61184 - 62900
Our Preference: Buy Silver 61487+ or target 62800 with SL only below 61050
Alternative Scenario: Sell Silver 62900 with SL only above 63200+ or target 62000
Positional Trader : Buy Silver 61487+ or target 62900 & 64400 with SL only below 60900