Fundamentals for the Day
6.30 PM HPI m/m S&P Composite -20 HPI Y/Y
7.30 PM CB Consumer Consumer Confidence
Richmond Manufacturing Index
Gold
Range: 59320 - 58800
Our Preference: Sell Gold 59320 with SL 59420 for target 58850
Alternative Scenario: Sell Gold again @ 59510 with Sl 59621
Buy Side
Our Preference: Buy Gold 58800 with SL 58600 for target 59150
Silver
Range: 75000 - 72500
Our Preference: Sell Silver 74620 for target 73250 & 72500 with SL 74900+ only if sustain
Position may remain down side only till Thursday.