Fundamentals for the Day
6.20 pm FOMC Member COOK Speaks
7.15 pm Flash Manufacturing PMI
Flash Services PMI
10.30 pm FOMC Member Kashkari Speaks
Yesterday,
Gold made a low of 58685 where we have given a buy @ 58681.
Gold
Range: 59215 - 58681
Momentum Call: Sell Gold 58913 target 150 point SL 75 point
Our Preference: Buy Gold 58681+ target 59065 with SL 58550
Alternative Scenario: Sell Gold 59065 target 58700 with SL 59201+ only if sustain
Silver
Range: 73700 - 72500
Our Preference: Sell Silver 73650 target 72700 with SL 73900+
Alternative Scenario: Buy Silver 73900+ target 75000 with SL 300 point below