- 2nd Last Business Day of the week
Trump Latest Announcement
- People will we pleasantly surprised on 2nd April about Reciprocal Tariff
- Trump Sign Executive Order on Autos
- We will have strong policing of Auto Tariffs
- If Parts are made in America & Car is not then parts not Tariffed
- Reciprocal Tariff will be on all countries
- Auto Tariff are Permanent
Effect:
- Bullion Remain upside only based on this till 2nd April 2025.
- Central Bank is not buying as of now - which means there is no heavy upside till 2nd April which shows market will be still in the range only
- From 3000$ to 3065$ with a smaller range is 3047$ to 3010$.
Fundamentals of the Day
6.00 pm Final GDP q/q
Unemployment Claims
Final GDP Price Index q/q
Good Trade Balance
Prelim Wholesale Inventories m/m
7.30 pm Pending Home Sales m/m
8.00 pm Natural Gas Storage
11.35 pm ECB President Lagarde Speaks
2.00 pm FOMC Member Barkin Speaks
Gold
Range: 88500 - 87500
Our Preference: Sell Gold @ 88500 = 3065$ with target 87750 with SL 88700+ only if sustain
Alternative Scenario: Buy Gold @ 87500 with a back up 87250 target 88200 & 88500 with 200 point SL
Momentum Call: 88200 target 87750 with SL 100 point
Silver
Range: 101000 - 97500
Momentum Call: Sell Silver 100100 for target 99200 with SL 101400
Our Preference: Buy Silver 98663 with SL 350 point target 100000
Alternative Scenario: Buy Silver 97300 target = 33.25$ which we have mention earlier to Buy Silver @ the same price with SL 98650