Fundamentals for the Day
6.00 pm Core PPI m/m
Core Retails Sales m/m
PPI M/M
Retails Sales m/m
Unemployment Claims
7.30 pm Business Inventories m/m
8.00 pm Natural Gas Storages
- Open Interest of Gold has been increase by 26000
Gold
Range: 66350 - 65100
Momentum Call: Sell Gold 65870 SL 70 point target 65581
Our Preference: Sell Gold 66065 target 65500 with SL 66200
Alternative Scenario: Sell Gold 66350 target 65100 with SL 66500+
Buy Side Position
65581 Buy @ 1st stroke SL 100
Silver
Range: 75600 - 74000
Our Preference: Sell Silver 75550 target 74500 with SL 75800+
Alternative Scenario: Buy Silver 75900+ target 76800 with SL 250 point