Fundamentals for the Day
- Gold is waiting for a CPI ( Inflation Data) tomorrow @ 6 pm till the time will be in range bound with a downside flow
- Expected CPI is 2.9% vs 3% effect: remain downside
- Indian MCX Gold prices are discounting since last 2 days
Gold
Range: 85181 - 86300
Our preference: Buy Gold 85350 with SL 200 point target 86100
Alternative Scenario: Sell Gold 86190 with SL 200 point target 85450
Trading Zone
85890 Sell @ 1st stroke with SL 100 point
84725 Last Buy for the Day
Silver
Range: 96000 - 98500
Our Preference: Buy Silver 96267 for target 98000 with SL 95800 below only if sustain
Alternative Scenario: Sell Silver 98500 with SL 98900 target 97000