Fundamentals for the Day
6.00 PM Unemployment Claims
Philly Fed Manufacturing Index
6.35 PM FOMC Member Jefferson Speaks
7.00 PM FOMC Member Barr Speaks
7.30 PM Existing Home Sales
CB Leading Index m/m
FOMC Member Logan Speaks
8.00 PM Natural Gas Storage
Gold Open Interest is 4,99,000 which has been reduce by 21,000 lots its clearly indicate Gold will remain downside only
Gold made a low of 1978.10$ @ 7.32 PM in Future post that it move up side till 1988.8$.
Now over here 1980$ has become famous support all over the world because of the same also Gold has cross but could not sustain. No gold has just a time of 3 working days to move till 1938$ as per the calculation.
Which Means its Including today's day Thursday till Monday it should touch this price after sustaining below 1980$.
Top for the Day in Trend line lower its resistance till 2005.70$
COMEX Gold has clear only target below 1980$ sustaining is 1938$ tht's it .
Gold
Range: 2005$ - 1948$
Early Sell Gold 1985$ for target 1948$ with SL 1992$+
Our Preference: Sell Gold 2005$ for target 1948$ with SL 2011$
Silver
Range: 24$ - 23.18$
Our Preference: Sell Silver 23.85$ with back up sell 24.05$ for target 23.18$ with SL 24.11$+
Alternative Scenario: Buy Silver 23.17$+ for target 23.72$ with SL 22.90$ only