Latest News on Trump
- Trump Tariffs are on & on & on
- Gold is hanging on an Expiry
- Gold wants to go down but because of a hanging Sward of Tariff its afraid to do so.
- Which indicates we prefer to go with couple of Buying options rather than selling not for so long because of continuous Tariffs from Trump side are coming
Fundamentals for the Day
6.10 pm FOMC Member Kugler Speaks
6.35 pm FOMC Member William Speaks
7.30 pm CB Consumer Confidence
New Home Sales
Richmond Manufacturing Index
Gold
Momentum Sell @ 87750 target 87250 with SL 87900+
Range: 87250 - 88500
Our Preference: Buy Gold 87250 target 88200 with SL 87050 (Intraday)
Overnight Buy - Buy Gold @ 3000$ future = 86900 AROUND with SL only below 2990
Alternative Scenario: Sell Gold 88200 target with back up sell 88500 target at 87500 with SL 150 point
Trading Zone
87850 sell with SL 100 point
Silver
Range: 97100 - 100000
Our Preference: Buy Silver 97150+ target 98700 with SL 96850