Fundamentals for the Day
6.00 pm Core PPI & PPI m/m
Unemployment Claims
8.00 pm Natural Gas Storage
10.31 pm 30-Y Bond Auction
Trade war Fear Gold moving continuously upside only again making new High in Domestic Market while in COMEX Gold vs SPOT Premium has started Increasingly again from the 4$ to 9$ in last 24 Hours
Technically we believe there is a less room space for Gold on Upside till 2984$ in Future
While Tariff War says to go with Buy Side, on the other side Open Interest was has sudden make a 1 day move on downside
We believe to go with sell side by today evening for which price we have mention since last 1.5 month near 87200
Gold
Range: 87350 - 85500
Session Buy Gold @ 86550 for target 87100 with SL 150 point
Our Preference: Sell Gold 87300 around with SL only above 87500 target 86350 & 85500
Positional Trader Sell Gold 87300 & Hold for 2 week for target 82000 with SL apply @ 88000
Silver
Range: 102000 - 98000
Session Buy Silver @ 98900 for target 100900 with SL 350 point
Our Preference: Sell Silver @ 101000 for target 98000 with SL 500+ point if sustain