Fundamentals for the Day
8.15 pm US CPI
8.30 pm Existing Home Sales
Today Good movement is expected with high volume as US is gonna open after 3 days
- Gold open interest increase by 904 1st time after 19 days which indicates not upside but at least, now the fall of Gold has stop & will move slowly with Zigzag pattern as per Open interest.
Gold
Range: 55750 - 56637
Our Preference: Sell Gold 56185 for target 55800 with SL 56325+
Alternative Scenario: Buy Gold 56800+ target 56240 & 56637 with SL 56650
Gold has a good buy @ 55750 around
Gold has a good sell @ 56637 around
in between a trader can do trade but for jobbing purpose only session wise call.
Trading Zone
56180 Sell for session
56637 Last sell for the day
56350+ Breakout Buy to move upside till 56600
56018 buy for momentum
Maintain SL of 80 point for jobbing purpose only strictly
Silver
Range: 66900 - 64411
Our Preference: Sell Silver 65680 for target 64450 with SL 65950+ only if sustain
Alternative Scenario: Buy Silver 64411+ for target 65500 with SL 64050
Trading Zone
Breakout Buy 65000+