Fundamentals for the Day
7.00 pm Core Retails Sales m/m
Retails Sales m/m
Unemployment Claims
8.30 pm Business Inventories m/m
9.00 pm Natural Gas Storage
- Fed will cut the interest rates 3 times in the year of 2024 which will be upside for Bullion. Whenever its talk about rate cut will be always Buy for Bullion.
Gold
Range: 63144 - 62120
Our Preference: Sell Gold 62582 target 62000 with SL 62750+
If cross 62750+ target 63144 with SL 100 point
Alternative Scenario: Sell Gold 63144 for target 62500 & 62000 with SL 63301
Silver
Range: 75200 - 73276
Our Preference: Sell Silver 74950 target 73276 with SL 75350
Breakout Buy 75600+ for target 76300 with SL 200 point