Fundamentals for the Day
- No major Fundamentals for the Day
- Gold open interest has increase by 10,000 lots volume increase by 60,000 price has been stable with upside move.
- It indicates still gold has a upside move till 2420$ as we expected.
Gold
Range: 70500 - 72750
Our Preference: Buy Gold 70500 with SL 70300 for target 72000
Alternative Scenario: Sell Gold 72700 with SL 72900 for target 70500
- Gold early Buy start @ 71000 with SL 100 point
Trading Zone
70200 Breakout Sell
72000 Phycological Sell point
Silver
- Silver open interest rate is increasing very slowly & steadily, its increase by 4,000 Lots & volume increase by 50,000
- This indicates it will try to touch 86828 which is equal to COMEX silver target 29.55$, with the intermediate resistance @ 28.70$
Range: 81089 - 84253
Our preference: Buy Silver 81100+ target 83375 & 84250 with SL 80600
- Silver Early Buy start @ 81750 with SL 150 point
Trading Zone
80200 Breakout Sell with SL 250 point