Fundamentals for the Day
6.05 pm FOMC Member Waller Speaks
Gold
Range: 62400 - 61500
Our Preference: Sell Gold 62250 target 61900 & 61700 with SL 62400
Alternative Scenario: Buy Gold 61500 with SL 61400 target 61850
Basically, Gold will remain downside only - so positionally Sell trader can wait for target below 61,000 as of now
Strategy : for a Day trader also sell on rise only
So maintain our positional Call of 62250 sell gold for target 61100.
Silver
Range : 68500 - 70500
Our Preference: Sell Silver 70500 target 69150 with SL 70800
Alternative Scenario: Buy Silver 69150 target 70100 with SL 69000 below only
Breakout Sell 68950