Fundamentals for the Day
8.30 pm New Home Sales
Trend : Downside
Gold
Weekly Range: 80200 - 78208
Range: 80200- 78856
Positional Call : Sell Gold 80034 for target 78200 with back up sell @ 78300 with SL 80400+ only if sustain
Our Preference: Sell Gold 80034 target 78856 with back up sell 80300 with SL 80350+ only if sustain (Carry Forward position)
Alternative Scenario: Buy Gold 78856 with SL 78700 for target 79450
Trading Range
79400 Buy for the Momentum with SL 100 point
80400+ Buy breakout if sustain
Silver
- Silver Buy 90300 with SL 89900 target 91500
- Sell Silver 90300 only after touching @ 89900 for target 89000 with SL 300 point