Fundamentals for the Day
07.30 pm Existing Home Sales
Richmond Manufacturing Index
12.00 am FOMC Member Goolsbee Speaks
FOMC Member Bowman Speaks
01.00 am FOMC Member Goolsbee Speaks
- Silver open interest increase by 2,141.
- Trend is remain Negative.
- Silver may take a little bounce & then will move down again
Silver
Range: 73020 - 71150
Our preference: Buy Silver 71350 SL 71000 target 73000
Alternative Scenario: Sell Silver 73000 with SL 73350 for target 71900 & 71500
Trading Zone
71990 Sell with SL 150 point
Gold
Range: 58900 - 58300
Our Preference: Sell Gold 58850 with back up sell 58980 target 58350 SL 59000+ only if sustain
Alternative Scenario: Buy Gold 58300+ target 58770 SL 58190
Trading Zone
58650 Sell SL 58701