Fundamentals for the Day
6.00 PM core PPI M/M
PPI M/M
7.45 PM FOMC Member Waller Speaks
10.31 PM 10-Y Bond Auction
11.30 FOMC Meeting Minutes
- Since Last 3 days Gold has move upside slowly without the movement in US market timing
- Open Interest of Gold has also increase 4,36,827 as per yesterday closing in COMEX with a lower volume
- This indicates Gold may touch near 1885$ around
Gold
Range: 57350 - 57900
Our Preference: Sell Gold 57826 target 57350 with SL 57990+ only if sustain
Trading Zone
57525 target 57700 SL 70 point
Silver
Range: 69500 - 68000
Our Preference: Sell Silver 69468 target 68500 SL 69850
Alternative Scenario: Buy Silver 68000 target 67700 SL 350 point