- Gold may buy for next 2 days.
- For weekly position its only on Sell side Trend is complete negative.
- It's CPI week - Inflation is expected Flat or more than 3% which is completely negative if it arrive @ 3.10%
- Positional Trader will be on sell side only.
Fundamentals for the Day
- Cleveland Fed Inflation Expectation
11.30 pm Federal Budget Balance
Gold
Range: 69700 - 70310
Our Preference: Buy Gold 69700+ target 70200 with SL 70550
Alternative Scenario: Sell Gold 70189 with SL 70400 target 69700
69500 Sell stop
Silver
Range: 82771 - 78500
Our Preference: Sell Silver 81485 target 80200 & 78500 (Below 80,000)
Alternative Scenario: Sell Silver 82770 target 80250 & 78250 (Below 80,000)
Momentum Buy Silver 80,200 for target 81400 with SL 250 point