Fundamentals for the Day
7.15 pm Final Manufacturing PMI & Prices
7.30 pm ISM Manufacturing PMI
JOLTS Job Openings
Construction Spending M/M
8.30 pm FOMC Member Bostic Speaks
8.45 pm FOMC Member Cook Speaks
- Its Non Farm Week declared on Friday
- We expect Downside till Thursday.
- Positional Trader sell Silver @ 91250 for target 87500
- Positional Trader Sell Gold @ 75700 for target 74200
- Both target are applicable in this week only by Friday
Gold
Range : 76150 - 74900
Morning Call: Sell Gold 75750 SL 100 point target 75350 & 75000
Our Preference: Sell GOLD 75945 TARGET 74950 with SL 76100
Alternative Scenario: Buy Gold 74980 with SL 74800 target 75500
- Gold is moving towards 2615 $ as of now
- Weekly Sell @ 2646$ for target 2616$ with SL 2651$
Silver
Range: 90100 - 92161
Morning Call: Sell Silver 91250 target 90250 SL 200 point
Our Preference: Sell Silver 92161 Target 90150 SL 92450+
Alternative Scenario: Buy Silver 90150 target 91150 with SL 89800
Breakout Sell 89800 target 87450 with SL 90400