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: 1812$ - 1850$
Our Preference: Buy Gold 1812$+ or target 1845$ with SL only below 1805$.
Alternative Scenario: Sell Gold 1845$ with SL only above 1851$+ for target 1825$.
Trading Zone
1825$ Buy with SL 3.5$
Silver
Range:20.80$ - 21$
Our Preference: Buy Silver 20.80$+ target 21.48$ & 21.96$ with SL only below
Positional Trader: Buy silver continue 20.80$ with back up buy 20.50$ for target 22$ SL only below 20.30$
Trading one
21.04$ with SL 0.10 Point