Fundamentals for the Day
6.00 pm PPI m/m & Core PPI m/m
7.30 pm Prelim UoM Consumer Sentiment
Prelim UoM Consumer Inflation expectations
FOMC Member Musalem Speaks
8.30 pm FOMC Member William Speaks
Latest News Today
- China announce additional Tariff measures on US Goods to 125% from 12th April
- China: Will ignore The US if it keep imposing Tariffs
- US Should bear the responsibility for Tariff damages
- It no longer make economic sense if US impose more Tariff
- Its clearly Open Buy case for Gold with continue its upside from 92500 to 98500
- Any downside is just a DIP nothing else
Gold has open the gate of 98500 as of now after crossing the 91500+
Dollar Index is trading below 100$ which is 99.50$ as of now after 2023
which indicates Gold will move upside only
Gold
Range: 92500 - 94752
Our Preference: Buy Gold 92500+ target 94752 with SL 92300 below only
Alternative Scenario: Buy Gold 91600 target 93700 with SL 91300 below only if sustain
Trading Zone
93750 sell @ 1st stroke with SL 150 point
93980 Buy Stop for target 94750
Silver
Range: 91000 - 97500
Our Preference: Buy Silver @ 91000+ for target 94300 with SL 90500
This call has already activate yesterday - but today also continue the same
Silver is not moving much upside this all news are specifically for Gold moving only - so do not follow the same in Silver also - Silver will just drag by Gold move nothing else