Fundamentals for the Day
8.30 pm Existing Home Sales
12.30 am FOMC Meeting Minutes
Yesterday,
- Gold made a low of 60356 where we place a Buy @ 60480 & touch the target in morning opening of 61000
- Silver could not make out buy execute of 71500 as it made a low of 72000 & move back upside
Gold
Range: 61200 - 60450
Our Preference: Sell Gold 61190 target 60600 with SL 61290+ only if sustain
Alternative Scenario: Buy Gold 60480 with SL 60350 below only if sustain for target 60925
Jobbing Buy
60857 Buy @ 1st stroke SL 70 point
Breakout Point
60320 Breakout Sell
61350 Breakout Buy
Maintain SL of 100 point in both the scenario
Silver
Range: 73700 - 71500
Our Preference: Sell Silver 73700 target 72500 & 71500 with SL 74150
Alternative Scenario: Buy Silver 71500+ target 72800 with SL 71150
Breakout Point
74600+ Breakout Buy
Maintain SL of 250 point in above Breakout