Yesterday,Gold High 56920 - Low 56470, Where we mention to sell Gold 56840 for target 56550 as a 1st target which was achieved.
Fundamentals for the Day
07.00 PM CPI m/m
CPI Y/Y
Core CPI M/M
09.30 PM FOMC Member Logan Speaks
10.00 PM FOMC Member Harker Speaks
It's time For CPI now - all interest rate hike & all economy is rely on Inflation figure now a days, which is moving the market since last couple of months.
Gold
Range: 56950 - 55885
Our Preference: Sell Gold 56840 for target 56220 with SL 57000+ only if sustain
Alternative Scenario: Buy Gold 56193 + for target 56580 with SL 56080
Below 56080 sustain will get target 55885.
As per COMEX Gold sell apply near 1880 with back up sell 1895 for 1st target 1835 in future.
Silver
Range: 64240 - 67250
Our Preference: Buy Silver 66250 for target 67250 with SL 66000
Alternative Scenario: Sell Silver below 66000 for target 64250 with SL 66400+ only if sustain