Fundamentals for the Day
7.00 pm Final GDP q/q
Unemployment Claims
Final GDP Price Index q/q
Philly Fed Manufacturing Index
8.30 pm Existing Home Sales
CB Leading Index m/m
9.00 pm Natural Gas Storage
Yesterday,
- Fed has declared a Cut by 0.25% from 4.75% to 4.50%
- Powell said in new year of 2025 they will reduce by .25% max 2 times only
- That's goes negative for Bullion to remain downside
Gold
Range: 76763-75600
Our Preference: Sell Gold 76750 target 75650 with SL 76951+ only if sustain
Alternative Scenario: Buy Gold 75600 target 76400 with SL 75400 below only if sustain
Silver
Range: 90600 - 86000
Our Preference: Sell Silver 90000 target 88000 & below 87700 target extended till 86200 with SL 90601+ only If Sustain