Fundamentals for the Day
7.00 pm Core Retails Sales m/m
Retails Sales m/m
Import Price m/m
7.30 pm FOMC Member Barr Speaks
FOMC Member Bowman Speaks
7.45 pm Industrial Production m/m
Capacity Utilization Rate
8.30 pm Business Inventories m/m
NAHB Housing Market Index
8.45 pm ECB President Lagarde Speaks
Gold
Trend: Down
Strategy: Sell position is advisable
Range:62400 - 61700
Our Preference: Sell Gold 62000 for target 61700 & below 61600 target extended till 61100 with SL 62150
Alternative Scenario: Sell Gold 62411 target 61700 with SL 62350+
Trend Zone
61700 Buy with SL 70 points
62000 Early Sell with SL 70 point
Breakout Sell 61500 for target 61100 with SL 150 point
Till Expiry Gold will remain down from 62200 for target
Silver
Range: 72500 - 70500
Our Preference: Sell Silver 72000 for target 71250 & 70600 with SL 72400+
Positional Sell in silver below 72000 till target 69500 but only with back up sell when it is required.