Fundamentals for the Day
6.00 pm Unemployment Claims
Building Permits
Philly Fed manufacturing Index
Housing Starts
6.45 pm Industrial Production m/m
- Gold has been move upside after the Inflation data of CPI which goes straight upside of Bullion
Gold
Range: 73400 - 72200
Our Preference: Sell Gold 73250 for target 72250 with SL 72450+ only if sustain
Alternative Scenario: Buy Gold 71750 for target 72400 with SL 71650
Breakout Buy 73500+ for target 73950 with SL 150 point
Trading Zone
72332 with SL 100 point for target 72600
Silver
Range: 87800 - 85900
Our preference: Sell Silver 87312 with back up sell 87800 for target 85900
Breakout buy apply only above 88300+