Fundamentals for the Day
7.00 PM Core CPI M/M
CPI M/M
CPI Y/Y
11.31 PM 30-Y Bond Auction
Gold
Yesterday, also Sell Continue after opening below & cross over 61900 suppose to touch 60860 where it made a low of 61099 As per Gold Chart below 61786 it may touch 60324 before that a Pause arrive with a Good support @ 60860
Range: 61543 - 60324
Our Preference: Sell Gold 61543 target 60861 & below 60670 target extended 60324 with SL 61701+ only if sustain
Session Call: Buy Gold 60861 target 61321 with SL 60724
Alternative Scenario: Buy Gold 60324 for target 61400 with SL 60100 below only it would be 1st big Buy after the crash.
- Rest all depends on Today's CPI data arrived @ 7 pm
- FOMC Projection & Fed Meeting on Federal Fund Rates, on 14th Dec 2023 -12.30 am will be a crucial turning point & its impact will be start from Friday or this last lag may complete after that or reversal
Silver
Range: 69500- 72800
Our Preference: Sell Silver 72800 for target 70819 & 69529 with SL 73300
Alternative Scenario: Buy Silver 69529 with SL 69100 for target 72200 (Weekly Buy )
Trading Zone
70500 Breakout Sell
74100 Breakout Buy