Fundamentals for the Day
6.00 pm Unemployment Claims
6.15 pm FOMC Member Hammack Speaks
7.15 pm Flash Manufacturing & Service PMI
7.30 pm New Home Sales
6.00 pm Natural Storage
Yesterday,
Gold move from the High 2772.5$ to 2722.10$ negative by 50$
Gold COMEX Future
Range: 2725$ - 2758$
Our Preference: Buy Gold 2725$ for target 2758 SL 2718
Alternative Scenario: Sell stop Gold 2717.5$ target 2695$ with SL 2726$
MCX Gold
Range: 77670 - 78750
Our Preference: Buy Gold 77670+ target 78700 with SL 77500 below
Alternative Scenario: Sell Gold below 77469 target 76838 with SL 77670+ only If sustain
- Kindly Match MCX with COMEX for Higher accuracy + more Clarification
Silver COMEX Future
- COMEX Silver is trading above 33.50$ where it has open the gate of 38$ as per the same target in MCX is 1,10,000/.
Range: 33.65$ - 35.44$
Our Preference: Buy Silver 33.65$ for target 35$ with SL 33.45$
Alternative Scenario: Sell Silver 33.40$ for target 32.70$ with SL 33.70$
MCX Silver
Range: 96523 - 100000
Our Preference: Buy Silver 96523 target 99000 with SL 95950
Alternative Scenario: Sell Silver 95900 target 94151 with SL 96600
Trading Zone
100000 Sell @ 1st stroke with SL 600 point
100600 Buy stop with SL 100000 for target 103000