- Trump considers increasing lumber tariffs to 25%
- US to Inspect ensure Fort Knox Gold Supply Accuracy
- I will announce Tariff on Cars, Semiconductor, Chips, Pharma & probably lumber over the next month or sooner
- We will cut taxes on domestic producer of Oil & Gases
- We are successfully negotiating an end to the Ukraine war with Russia
- Trump has pull all the Plug to support Ukraine as well as Claim on Zelenskiy: This indicates war of Russia vs Ukraine will be completed Effect: Negative for Bullion.
Feb Last week also continue upside for a Bullion.
Fundamentals for the Day
7.00 pm Unemployment Claims
Philly Fed Manufacturing Index
8.05 pm FOMC Member Goolsbee speaks
8.30 pm Consumer Confidence & CB Leading Index m/m
9.00 pm Natural Gas Storage
9.30 pm German Buba President Nagel Speaks
10.30 pm Crude Oil Inventories
10.35 pm FOMC Member Musalem Speaks
Gold
Range: 85500 - 86900
Our Preference: Buy Gold around 85550 for target 86400 & 86900 with SL with SL 85400
Alternative Scenario: Sell Gold 86900 to 87100 with SL 87400+ only if sustain for target 85500 & 84600
Trading Zone
85900 Buy @ 1st stroke with SL 100 point
Silver
- Silver has made a base around 94000 to move upside till 98000 & 102000
- Any Dip will be working for Buy as of now
Range: 94000 - 99400
Our Preference: Buy Silver 95500 for target 99000 back up buy 94900 with SL 94700
Alternative Scenario: Sell Silver around 34.57$ = 99320 target 96000 with SL 99800+ only if sustain